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.
Contact Us
Contact your local Swanson Reed office to speak with a representative in your area today.
Suite #1017
Overland Park KS 66213
T: (913) 232-2276
F: (512) 256-8157