Form Pub. Ks-1550 - Kansas Business Taxes For The Agrcultural Industry

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Agriculture, as conducted in farming and ranching operations throughout
the state, is the primary basis of the Kansas economy. Communities, regions,
and the state as a whole are materially dependent upon agricultural endeavors
and derive substantial financial benefit from the success of Kansas agriculture.
Considering this state’s heavy reliance on agriculture, Kansas law provides
several sales tax exemptions for those engaged in the agricultural industry,
but these tax exemptions are specific in nature and do not apply to all
aspects of your business. This publication will help you understand how
Kansas taxes apply to Kansas agribusiness. It will explain which items are
taxable, which are exempt and how to properly claim the exemptions.
Also included is information about how to report and pay the taxes. By
law, businesses are now required to submit their Sales, Compensating Use
and Withholding Tax returns electronically. Kansas offers several electronic
file and pay solutions – see page 23.
Use this publication as a supplement to KDOR’s (Kansas Department
of Revenue) basic sales tax publication, KS-1510, Kansas Sales and
Compensating Use Tax.
Pub KS-1550 (Rev. 12/12)
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Parent category: Financial