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INSTRUCTIONS FOR SCHEDULE K-83
GENERAL INFORMATION LINE 7 – Credit limit on the total qualified investment. Add line
3 and line 6, and enter the result.
K.S.A. 79-32,245 provides a tax credit against the Kansas
LINE 8 – Authorized credit percentage. This credit may be claimed
income tax liability of a taxpayer who makes a qualified
in ten (10) equal annual installments.
investment in a new renewable electric cogeneration facility for
tax years beginning after December 31, 2006 and before LINE 9 – Total credit allowed to be claimed this tax year. Multiply
January 1, 2012. The credit is 10% of the taxpayer’s qualified line 7 by line 8.
investment on the first $50,000,000 invested, and 5% of the LINE 10 – Partners, shareholders or members: Enter the
taxpayer’s qualified investment that exceeds $50,000,000. The percentage that represents your proportionate share in the
credit will be taken in ten (10) equal, annual installments, partnership, S corporation, LLC or LLP. All other taxpayers:
beginning with the year in which the taxpayer places into service Enter 100%.
the new renewable electric cogeneration facility.
Before making a qualified investment, a taxpayer shall apply LINE 11 – Your share of the credit. Multiply line 9 by line 10.
to the Kansas Secretary of Commerce to enter into an
PART B – COMPUTATION OF TOTAL CREDIT CLAIMED THIS YEAR
agreement for a tax credit. After receipt of such application, the
secretary may enter into an agreement with the applicant for a Indicate, by checking the appropriate box, which year of the
new renewable electric cogeneration facility credit if the annual installments for which this credit is being claimed.
secretary determines that the taxpayer’s proposed investment
satisfies the requirements. LINE 12 – Enter the amount from line 11 of Schedule K-83 from
If the credit allowed exceeds the investor’s tax liability in any the first year in which this credit was claimed.
one taxable year, the amount of the credit that exceeds the tax LINE 13 – Enter the amount of available carry forward credit from
liability may be carried forward until the total amount of the credit the prior year’s Schedule K-83.
is used, except that no such tax credit shall be carried over for
deduction after the 14th taxable year after the taxable year in LINE 14 – Add lines 12 and 13.
which the first annual installment is allowed. LINE 15 – Enter your total Kansas tax liability for this tax year
Expenditures used to qualify for this credit shall not be used after all credits other than this credit.
to qualify for any other type of Kansas income tax credit. LINE 16 – Enter the lesser of lines 14 or 15. This is the amount
New renewable electric cogeneration facility means a of credit allowed for this tax year. Enter this amount on the
renewable electric cogeneration facility which is located in this appropriate line of Form K-40, Form K-41 or Form K-120.
state and construction of which begins after December 31, 2006.
Qualified investment means expenditures made in If line 16 is less than line 14, complete PART C.
construction of a new renewable electric cogeneration facility,
PART C – COMPUTATION OF CARRY FORWARD CREDIT
for real and tangible personal property incorporated in and used
as part of such facility. LINE 17 – Subtract line 16 from line 14. This is the amount of
Renewable electric cogeneration facility means a facility credit to carry forward to next year’s Schedule K-83.
which generates electricity utilizing renewable energy resources
or technologies, as defined in K.S.A. 79-201, and amendments IMPORTANT: Do not send any enclosures with this
thereto, and which is owned and operated by the owner of an schedule. A copy of the approved authorization from the
industrial, commercial or agricultural process to generate Kansas Secretary of Commerce must be kept with your
electricity for use in such process to displace current or provide records. The Kansas Department of Revenue reserves the right
for future electricity use. to request additional information as necessary.
SPECIFIC LINE INSTRUCTIONS TAXPAYER ASSISTANCE
Enter all requested information at the top of this schedule.
Address questions about qualifying for this credit to:
PART A – COMPUTATION OF CREDIT
(To be completed only in the first year that this credit is claimed) Kansas Department of Commerce
1000 SW Jackson, Suite 100
LINE 1 – Enter the total qualified investment up to and including Topeka KS 66612-1354
the first $50,000,000 in a new renewable electric
cogeneration facility. Phone: 785-296-3481
Website: kansascommerce.com
LINE 2 – The credit is limited to 10% of the first $50,000,000 of
qualified investment.
For assistance in completing this schedule contact the
LINE 3 – Credit limit on the qualified investment for the first Kansas Department of Revenue:
$50,000,000. Multiply line 1 by line 2.
LINE 4 – Enter the total qualified investment which exceeds the Taxpayer Assistance Center
first $50,000,000 of investment made in a new renewable 120 SE 10th Ave
electric cogeneration facility. PO Box 750260
LINE 5 – The credit is limited to 5% of the qualified investment Topeka KS 66699-0260
that exceeds $50,000,000. Phone: 785-368-8222
LINE 6 – Credit limit on the qualified investment that exceeds Fax: 785-291-3614
$50,000,000. Multiply line 4 by line 5. Website: ksrevenue.org
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