KANSAS AVAILABLE INCENTIVES
State Credit Name: Kansas Research and Development Credit
Expiration Date: Indefinite
Who Can Apply? C-Corporations only
Credit Carry Forward: Unused credit may be carried forward in 25% increments until the total amount of credit is used.
About the Credit:
The credit is 6.5% of the of the difference between the QRE’s for the year and the average of the actual expenditures made during the year and the two tax years prior. The Kansas R&D credit uses the same definition of QRE’s as the federal R&D credit.
Notes: The credit used in any one year is limited to 25% of the credit plus any carry forward. To claim the Kansas R&D credit, a Schedule K-53 must be completed and submitted with the income tax return.
Click here to find out if you qualify for the federal research credit.