Schedule K-64 - Business Machinery And Equipment Credit
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2K-64
KANSAS
BUSINESS MACHINERY & 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 – SCHEDULE OF PROPERTY TAXES PAID ON QUALIFIED MACHINERY & EQUIPMENT
(b)
(a)
Property
tax year
Property classification
Property tax paid*
Date paid**
2010
Schedule 2 – Oil and Gas Machinery & Equipment
2010
Schedule 5 – Commercial and Industrial Machinery & Equipment
2010
Schedule 6 – Other Business Property (Check all that apply)
‰
‰
‰
Spare Parts
Supplies
Other (describe):
2011
Schedule 2 – Oil and Gas Machinery & Equipment
2011
Schedule 5 – Commercial and Industrial Machinery & Equipment
2011
Schedule 6 – Other Business Property (Check all that apply)
‰
‰
‰
Spare Parts
Supplies
Other (describe):
* Do not include any filing penalties.
** If paid on more than one date, enter the latest date.
1a. Enter the total from column (a) above. This is the total property tax paid this tax year on qualified
commercial and industrial machinery and equipment (do NOT include equipment you are leasing).
1a. _______________
1b. If you are a partner, member, or shareholder in a partnership, S corporation, LLC, or LLP, enter
%
the percentage that represents your proportionate share. If you are the sole owner, enter 100%.
1b. _____________
2. Total property tax eligible for credit (multiply line 1a by line 1b).
2.
_______________
PART B – COMPUTATION OF CREDIT (All filers complete lines 3 and 4)
25%
3. Credit percentage allowed.
3.
_______________
4. Total credit available this tax year (multiply line 2 by line 3).
If you are filing Forms
IMPORTANT:
K-120 or K-130, skip lines 5 through 7 and enter this amount on the appropriate line of your return.
4.
_______________
Form K-40 or Form K-41 filers: complete lines 5 and 6 and, if applicable, PART C.
5. Amount of your Kansas tax liability for this tax year after all credits other than this credit.
5.
_______________
6. Credit this tax year (enter the lesser of line 4 or line 5). Also enter this amount on the appropriate
line of Form K-40 or Form K-41.
6.
_______________
If line 6 is less than line 4, complete PART C.
PART C – COMPUTATION OF REFUND (K-40 and K-41 filers)
7.
Subtract line 6 from line 4. This is the amount of excess credit to be refunded. Enter this amount
on the refundable credit line of Form K-40 or Form K-41.
7.
_______________
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