Schedule K-55 - Venture And Local Seed Capital Credit
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1
2K-55
KANSAS
VENTURE AND LOCAL SEED CAPITAL CREDIT
(Rev. 8/11)
For the taxable year beginning _________________ , 20____ ; ending _________________ , 20____ .
Name of taxpayer (as shown on return)
Social Security Number or Employer ID Number (EIN)
If partner, shareholder or member, enter name of partnership, S corporation, LLC or LLP
Employer ID Number (EIN)
Enter the date(s) the investment or transfer was made and the name of the venture capital
Type of Credit:
or local seed capital company.
DATE
NAME OF COMPANY INVESTED IN
‰
Kansas Venture Capital, Inc.
‰
Certified Local Seed Pool
‰
Check here if this credit is a result of a transfer of credit from an investor in a Kansas
venture capital company.
Enter the name and address of the original investor.
NAME
ADDRESS
PART A – COMPUTATION OF CREDIT FOR THIS YEAR’S INVESTMENT
1. Total amount of cash investment this tax year.
1.
_______________
25%
2. Maximum percentage allowed.
2.
_______________
3. Maximum allowable credit for the amount invested this tax year (multiply line 1 by line 2).
3.
_______________
4. Enter your proportionate share percentage (see instructions).
4.
_______________
5. Your share of the credit for this year’s investment (multiply line 3 by line 4).
5.
_______________
6. Amount of tax liability for current taxable year and all previously claimed credits.
6.
_______________
7. Amount of credit allowable this tax year (enter the lesser of line 5 or line 6).
7.
_______________
PART B – COMPUTATION OF CREDIT CARRY FORWARD
8. Total credit for amount invested this year (enter the amount from line 5).
8.
_______________
9. Total amount of carry forward available on this return. Enter the amount of available carry forward
from the prior year’s K-55 (enclose a copy of that schedule).
9.
_______________
10. Total credit (add lines 8 and 9).
10.
_______________
11. Amount of your Kansas tax liability for current taxable year after all previously claimed credits
(enter amount from line 6).
11.
_______________
12. Credit available for carry forward to next year’s K-55 (subtract line 11 from line 10; cannot be
less than zero).
12.
_______________
PART C – COMPUTATION OF TOTAL CREDIT CLAIMED THIS TAX YEAR
13. Total credit claimed this tax year (enter the lesser of the sum of line 7 and line 9 or line 6).
Enter this amount on the appropriate line of Forms K-40, K-120 or K-130.
13.
_______________
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