Schedule K-53 - Research And Development Credit
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2K-53
–
KANSAS
RESEARCH AND DEVELOPMENT CREDIT
(Rev. 8/11)
For the taxable year beginning _________________ , 20____ ; ending _________________ , 20____ .
Name of taxpayer (as shown on return)
Social Security Number or Employer Identification Number (EIN)
If partner, shareholder or member, enter name of partnership, S corporation, LLC or LLP
Employer Identification Number (EIN)
PART A
COMPUTATION OF MAXIMUM ALLOWABLE CREDIT FOR THIS YEAR’S EXPENDITURES
1. Research and development expenditures for current year.
ˆ
ˆ
ˆ
Machinery and Equipment
Payroll
Other
1. ________________
2. Research and development expenditures for the:
a. first preceding taxable year.
2a. ________________
b. second preceding taxable year, if applicable (see instructions).
2b. ________________
3. Total (add lines 1, 2a, and if applicable 2b, and enter the total on line 3; see instructions).
3. ________________
4. Average (divide line 3 by 3). This is your average expenditure over the last three years.
4. ________________
5. Expenditure amount for credit (subtract line 4 from line 1). If line 1 is less than or equal to line 4, enter “0.” 5. ________________
6. Total research and development credit (multiply line 5 by 6.5% or .065).
6. ________________
7. Maximum allowable credit in any one year (multiply line 6 by 25% or .25).
7. ________________
8. Enter your proportionate share percentage (see instructions).
8. ______________ %
9. Your share of the amount expended this year (multiply line 7 by line 8).
9. ________________
PART B – COMPUTATION OF ALLOWED CREDIT FOR THIS YEAR’S EXPENDITURES
10. Amount of your tax liability for this tax year after all other credits other than this credit.
10. ________________
11. Amount of credit allowable as a result of expenditures made this tax year (enter amount from
line 9 or line 10, whichever is less).
11. ________________
PART C – COMPUTATION OF CARRY FORWARD CREDIT
12. Amount of carry forward allowed (multiply line 6 by the percentage on line 8, then subtract line
11).
12. ________________
PART D – COMPUTATION OF CREDITS FROM PRIOR YEARS
(A)
(B)
(C)
(D)
13. Year end date of original K-53 for which a carry over
is being claimed.
13
14. Amount of carry over from the original K-53 for the
year shown on line 13.
14
15. Amount of line 14 which has previously been used
as a credit.
15
16. Year(s) credit was used.
16
17. Carry forward remaining (line 14 minus line 15).
17
18. Maximum credit allowable in any one year from
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original K-53 for the year shown on line 13.
19. Amount of carry forward available to this return
(lesser of line 17 or line 18).
19
20. Total carry forward amount available (add line 19, columns A through D).
20. ________________
21. Amount of tax liability for current taxable year after all previously claimed credits.
21. ________________
PART E – COMPUTATION OF TOTAL CREDIT CLAIMED THIS TAX YEAR
22. Enter the lesser of the sum of lines 11 and 20 or line 21. Enter this amount on the appropriate line
of Form K-40, Form K-41, or Form K-120.
22. ________________
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