Schedule K-38 - Kansas Swine Facility Improvement Credit
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2K-38
KANSAS
SWINE FACILITY IMPROVEMENT CREDIT
(Rev. 7/14)
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 – SWINE FACILITY INFORMATION
1a. Qualified swine facility name and address/location:
2. Type of ownership of qualified swine facility (check one):
‰
Sole proprietorship
‰
Partnership
Name
‰
Family farm corporation
‰
Authorized farm corporation
Physical location
‰
Limited liability agricultural company
‰
Family farm limited liability agricultural company
Mailing address
‰
Limited agricultural partnership
‰
Family trust
City
State
Zip code
‰
Authorized trust
‰
1b. Waste Control Permit Number _________________________
Testamentary trust
PART B – COSTS OF REQUIRED IMPROVEMENTS (C Corporations only)
3. Total costs incurred this tax year for capital improvements to the qualified swine facility.
3.
_________________
Enter this amount also as an addition modification on your return. See instructions.
50%
4. Credit percentage allowed.
4.
_________________
5. Maximum amount of credit allowed this tax year (multiply line 3 by line 4).
5.
_________________
PART C – COMPUTATION OF THIS YEAR’S CREDIT
6. Carry forward from prior year (enter the amount from the prior year’s Schedule K-38).
6.
_________________
7. Total swine facility improvement credit available this tax year (add lines 5 and 6).
7.
_________________
8. Amount of your Kansas tax liability for this tax year after all credits other than this credit.
8.
_________________
9. Swine facility improvement credit this tax year. (enter amount from line 7 or line 8; whichever is less).
9.
_________________
Enter this amount on the appropriate line of Form K-40, Form K-41, or Form K-120.
If line 9 is less than line 7, complete PART D.
PART D – COMPUTATION OF CREDIT CARRY FORWARD
10. Subtract line 9 from line 7. This is the amount of excess credit for carry forward.
10. _________________
Enter this amount on line 6 of next year’s Schedule K-38.
(NOTE: No carry forward is allowed after the fourth taxable year succeeding the year in which the costs were incurred.)
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