Schedule K-82 - Storage And Blending Equipment Credit

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K-82
KANSAS
STORAGE AND BLENDING EQUIPMENT 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)
PART A – COMPUTATION OF CREDIT
Complete PART A only in the year the storage and blending equipment is placed into service.
1. Enter the total amount of the qualified investment. Do not enter more than $10,000,000.
1. ________________
10%
2. Authorized credit percentage.
2. ________________
3. Credit limit on the qualified investment of $10,000,000 or less. Multiply line 1 by line 2.
3. ________________
4. Enter the total amount of the “qualified investment” that exceeds $10,000,000.
4. ________________
5%
5. Authorized credit percentage.
5.
________________
6. Credit limit on the qualified investment that exceeds $10,000,000 (multiply line 4 by line 5).
6. ________________
7. Credit limit on the total qualified investment (add line 3 and line 6).
7. ________________
10%
8. Authorized credit percentage allowed to be claimed each tax year.
8. ________________
9. Total credit allowed to be claimed in the year the storage & blending equipment is placed into
service (multiply line 7 by line 8).
9. ________________
10. Proportionate share percentage (see instructions).
10. ________________
11. Your share of the credit that may be claimed this tax year and the next subsequent nine (9) tax
years (multiply line 9 by line 10).
11. ________________
PART B – COMPUTATION OF TOTAL CREDIT CLAIMED THIS YEAR
Indicate, by checking the appropriate box, which year of the ten (10) equal, annual installments for which this credit is being claimed:
1st year
2nd year
3rd year
4th year
5th year
6th year
7th year
8th year
9th year
10th year
If the credit is being claimed for the “carry-over” 11th, 12th, 13th or 14th tax years, skip line 12 and make an entry on line 13.
12.
Enter the amount from line 11, Schedule K-82 from the first year in which this credit was claimed.
12.
_______________
13.
Enter the amount of available carry forward credit from the prior year’s Schedule K-82.
13.
_______________
14.
Total credit available this tax year (add lines 12 and 13).
14.
_______________
15. Amount of your Kansas tax liability for this tax year after all credits, other than this credit.
15.
_______________
16. Amount of credit allowable this tax year (enter the lesser of lines 14 or 15). Enter this amount on
the appropriate line of Form K-40, Form K-41 or Form K-120.
16.
_______________
If line 16 is less than line 14, complete PART C.
PART C – COMPUTATION OF CARRY FORWARD CREDIT
17.
Amount of credit to carry forward to next year’s Schedule K-82 (subtract line 16 from line 14).
Enter this amount on line 13 of next year’s Schedule K-82.
17.
_______________

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