Schedule K-53 - Kansas Research And Development Credit
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2K-53
KANSAS
RESEARCH AND DEVELOPMENT CREDIT
(Rev. 9/13)
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 (C Corporations only)
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; cannot be less than zero).
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. ________________
PART B – COMPUTATION OF ALLOWED CREDIT FOR THIS YEAR’S EXPENDITURES
8. Amount of your tax liability for this tax year after all other credits other than this credit.
8. ________________
9. Amount of credit allowable as a result of expenditures made this tax year (enter amount from
line 7 or line 8, whichever is less).
9. ________________
PART C – COMPUTATION OF CARRY FORWARD CREDIT
10. Amount of carry forward allowed (subtract line 9 from line 6).
10. ________________
PART D – COMPUTATION OF CREDITS FROM PRIOR YEARS
(A)
(B)
(C)
(D)
11. Year end date of original K-53 for which a carry over
is being claimed.
11.
12. Amount of carry over from the original K-53 for the
year shown on line 13.
12.
13. Amount of line 12 which has previously been used
as a credit.
13.
14. Year(s) credit was used.
14.
15. Carry forward remaining (line 12 minus line 13).
15.
16. Maximum credit allowable in any one year from
original K-53 for the year shown on line 11.
16.
17. Amount of carry forward available to this return
(lesser of line 15 or line 16).
17.
18. Total carry forward amount available (add line 17, columns A through D).
18. ________________
19. Amount of tax liability for current taxable year after all previously claimed credits.
19. ________________
PART E – COMPUTATION OF TOTAL CREDIT CLAIMED THIS TAX YEAR
20. Enter the lesser of the sum of lines 9 and 18 or line 19. Enter this amount on the appropriate
line of Form K-40, Form K-41, or Form K-120.
20. ________________
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