Fillable Schedule K-72 - Kansas Law Enforcement Training Center Credit (Page 2 of 2) in pdf

INSTRUCTIONS FOR SCHEDULE K-72

GENERAL INSTRUCTIONS

LINE 4 – Partners, shareholders or members: Enter the

percentage that represents your proportionate share

K.S.A. 79-32,242 provides for a 50% tax credit for tax

in the partnership, S corporation, LLC or LLP. All

years commencing after December 31, 2005, against the

other taxpayers: Enter 100%.

income tax liability of a “business firm” for cash contributed

LINE 5 – Multiply line 3 by line 4 and enter result. This is

to the Kansas Law Enforcement Training Center (KLETC).

your share of the total credit for the amount invested

The purpose of which is the providing of programs and

this year.

courses of instruction for full-time police officers and law

PART B —COMPUTATION OF TOTAL CREDIT CLAIMED THIS TAX YEAR

enforcement officers designed to fulfill the continuing

education and training requirements of such officers

LINE 6 – Enter the carry forward amounts available from

pursuant to K.S.A. 74-5607a, and amendments thereto.

prior year’s K-72 schedules.

In no event shall the total amount of credits allowed in

LINE 7 – Add lines 5 and 6 and enter the result.

any one tax year exceed the amount of money the director

of police training at the Kansas law enforcement training

LINE 8 – Enter your total Kansas tax liability for this tax

center has certified is necessary to provide such

year after all credits, other than this credit.

continuing education and training programs and courses

LINE 9 – Enter the lesser of lines 7 or 8 here and on the

of instruction for the fiscal year following such tax year.

appropriate line of Form K-40, K-41, or K-120.

Certification shall be submitted to the secretary of revenue

prior to the commencement of the applicable tax year.

PART C —COMPUTATION OF CARRY FORWARD CREDIT

The credit allowed shall be deducted from the

LINE 10 – Subtract line 9 from line 7 and enter result.

taxpayer’s income tax liability for the taxable year in which

This amount cannot be less than zero. Enter this

the contributions are made. If the amount of the credit

amount on next year’s Schedule K-72.

allowed by this section exceeds the taxpayer’s income

tax liability for such taxable year, such excess may be

carried over for credit in the same manner in the

IMPORTANT: Do not send any enclosures with

succeeding taxable years until the total amount of the

this schedule, however keep copies of important

credit is used.

documentation with your records. The Kansas

Department of Revenue reserves the right to request

‘Business firm means any business entity authorized

additional information as necessary.

to do business in the state of Kansas which is subject to

the state income tax imposed by the Kansas income tax

TAXPAYER ASSISTANCE

act and any individual subject to the state income tax

imposed by the Kansas income tax act.

Questions about the KLETC and contributions thereto

should be addressed to:

SPECIFIC LINE INSTRUCTIONS

Kansas Law Enforcement Training Center

Enter all information as required at the top of the

P.O. Box 647

schedule.

Hutchinson, KS 67504-0647

PART A - COMPUTATION OF CREDIT

Phone: (620) 694-1400

Web site:

LINE 1 – Enter total amount of cash contributed to the

KLETC this tax year for the purpose of providing

For information and assistance in completing this

programs and courses of instruction for full-time

schedule contact the Kansas Department of Revenue:

police officers and law enforcement officers designed

to fulfill the continuing education and training

Tax Operations

requirements of such officers.

Docking State Office Building

LINE 2 – This percentage (50%) determines the maximum

915 SW Harrison St., 1

Floor

credit allowable by law.

Topeka, KS 66625-2007

LINE 3 – Multiply line 1 by line 2 and enter result. This is

Phone: (785) 368-8222

the maximum credit allowable.

Web site:

Schedule K-72 - Kansas Law Enforcement Training Center Credit Page 2

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