K.A.R. 92-12-113
Credit for property tax paid on commercial and industrial machinery and equipment; tax receipts.
# (a)
If the amount of the business machinery and equipment credit claimed by a taxpayer on credit schedule K-64 is more than $500, the taxpayer shall submit a copy of each property tax receipt issued by a county treasurer, showing timely payment of the personal property tax on the commercial and industrial machinery and equipment for which the tax credit is sought.
Each taxpayer claiming the business machinery and equipment credit for property taxes paid on railroad machinery and equipment shall submit the documentation provided to that taxpayer by the division of property valuation of the Kansas department of revenue specifying the value of the railroad machinery and equipment on which this credit is calculated and a copy of each supporting tax receipt issued by a county treasurer.
# (b)
The property tax receipts and documentation specified in subsection (a) shall not be required to be submitted with the taxpayer’s credit schedule K-64 if the amount of the credit claimed by the taxpayer is $500 or less.
# (c)
Each taxpayer claiming the business machinery and equipment credit shall retain, as part of the taxpayer’s records, each property tax receipt and any other document substantiating the claim. (Authorized by K.S.A. 79-3236; implementing K.S.A.
2004 Supp. 79-32,206; effective April 22, 2005.)
Amendment history
(Authorized by K.S.A. 79-3236; implementing K.S.A. 2004 Supp. 79-32,206; effective April 22, 2005.)
Source: official source document (2022 KAR Book 4, Kansas Secretary of State)
In this article (40 sections)
- 92-12-86 · Property factor; consistency in reporting.
- 92-12-87 · Property factor; numerator.
- 92-12-88 · Property factor; valuation of owned property.
- 92-12-89 · Property factor; valuation of rented property.
- 92-12-90 · Property factor; averaging property values.
- 92-12-91 · Payroll factor; in general.
- 92-12-92 · Payroll factor; denominator.
- 92-12-93 · Payroll factor; numerator.
- 92-12-94 · Payroll factor; compensation paid in this state.
- 92-12-95 · Sales factor; in general.
- 92-12-96 · Sales factor; denominator.
- 92-12-97 · Sales factor; numerator.
- 92-12-98 · Sales factor; sales of tangible personal property in this…
- 92-12-99 · Sales factor; sales of tangible personal property to United…
- 92-12-100 · Sales factor; sales other than sales of tangible personal…
- 92-12-101 · Special rules; in general.
- 92-12-102 · Special rules; property factor.
- 92-12-103 · Special rules; sales factor.
- 92-12-104 · 92-12-104
- 92-12-105 · Contribution to income; debtor setoff.
- 92-12-106 · Composite returns for nonresident partners and shareholders.
- 92-12-109 · Report of income adjusted by internal revenue service.
- 92-12-110 · Combined income method of reporting; surtax exemption.
- 92-12-111 · Special rules; airlines.
- 92-12-112 · Sales factor numerator; assignment of sales of a…
- 92-12-113 · Credit for property tax paid on commercial and industrial…
- 92-12-114 · Determining transportation income within a unitary group.
- 92-12-120 · Definition of qualified taxpayer.
- 92-12-121 · Incurred qualified expenditures.
- 92-12-130 · Amount of tax credit.
- 92-12-140 · Definitions.
- 92-12-141 · Tax credit agreement.
- 92-12-142 · Tax credit application.
- 92-12-143 · Quarterly reports.
- 92-12-144 · Reallocation of credits.
- 92-12-145 · Transfer of tax credits.
- 92-12-146 · Definitions.
- 92-12-147 · Tax credit agreement.
- 92-12-148 · Tax credit application.
- 92-12-149 · Quarterly reports.