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.
Swanson Reed in Kansas provides R&D tax credit consulting and advisory services to Wichita, Overland Park, Kansas City, Olathe, Topeka, Lawrence, Shawnee, Manhattan, Lenexa, Salina, Hutchinson, Leavenworth, Leawood, Dodge City, Garden City, Junction City, Emporia, Derby, Prairie Village and Liberal.
If you have any questions or need further assistance, please call us on (800) 986 4725.
Feel free to book a quick teleconference with one of R&D tax specialists at a time that is convenient for you, if you would like to learn more about R&D tax credit opportunities.
FIND OUT MORE
R&D Tax Credit Training for KS CPAs
R&D Tax Credit Training for KS CFPs
R&D Tax Credit Training for KS SMBs
