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INSTRUCTIONS FOR SCHEDULE K-64
GENERAL INFORMATION PART A — SCHEDULE OF PROPERTY TAXES PAID
Using your paid receipt from the county treasurer, enter the
K.S.A. 79-32,206 provides a tax credit against the income tax, amount of personal property tax timely paid on qualifying
privilege tax, and insurance company premiums tax for personal business machinery and equipment. Do not include any
property taxes paid. The credit is 25% of the personal property additional tax incurred due to filing penalties. If the receipt does
taxes timely paid in the tax year. The property tax must have been not provide all the information necessary to complete Part A,
timely paid during the tax year for which the credit is taken. The obtain the personal property valuation notice and/or contact
amount of credit that exceeds the tax liability will be refunded. your county appraiser for a breakdown.
“Qualifying machinery and equipment” means commercial and Partners, Shareholders or Members: If you are a partner,
industrial machinery and equipment required to be listed for shareholder or member in more than one business qualifying for
property taxation on Schedule 2, Schedule 5, or Schedule 6 by a for- this credit, enclose a separate Schedule K-64 for each business.
profit business required to file an income tax, privilege tax, or LINE 1a—Enter the total personal property tax timely paid this
insurance company premiums tax return. tax year on qualified machinery and equipment from column (a).
LINE 1b—Partners, shareholders or members: Enter percentage
• Schedule 2—Prescribed and/or itemized machinery and that represents your proportionate share in the partnership,
equipment used in mineral leasehold interests including S corporation, LLC or LLP. Sole owners: Enter 100%.
diesel engines, drilling rigs, electric motors, line piping, mud LINE 2—Multiply line 1a by line 1b. This is total personal property
pumps, water injection pumps, oil separators, oil well tubing tax eligible for credit this tax year.
pumps, pumping jacks, service units and tanks. PART B — COMPUTATION OF CREDIT
• Schedule 5—Commercial and industrial machinery and All filers will complete line 4. Only Form K-40 and Form K-41
equipment used for business purposes. filers will complete lines 5, 6 and, if applicable, line 7.
• Schedule 6—All other business related tangible personal LINE 3—The credit percentage allowed is 25% for all property
property not elsewhere classified, such as spare parts. taxes timely paid in 2011 (both the 2nd half of the 2010 and
Equipment that is leased can only be claimed by the owner. any 2011 property taxes).
LINE 4—Multiply line 2 by the percentage on line 3 and enter
Personal property tax paid on motor vehicles, nonbusiness use result . This is the credit available for this tax year.
property, leased equipment and tangible personal property owned Form K-120 and Form K-130 filers: Skip lines 5 through 7
by a public utility is not eligible for this credit (K.S.A. 79-32,206). and enter this amount on the appropriate line of Form K-120
or Form K-130.
Railroad and Telecommunication companies should
use Credit Schedule K-36 to claim property taxes paid IMPORTANT: If the amount on line 4 is more than $500, you
on machinery and equipment. must enclose copies of the paid tax receipts with this schedule.
Partnerships, S Corporations, LLCs and LLPs LINE 5—Enter the amount of your Kansas tax liability after all
Partners, shareholders and members will claim this credit in credits other than this credit.
the same manner as they account for their proportionate share LINE 6—Enter the lesser of lines 4 or 5. Enter this amount on
of the income or loss of the partnership, S corporation, LLC, or the appropriate line of Form K-40 or Form K-41.
LLP. If you are a partner, shareholder or member in more than If line 6 is less than line 4, complete PART C.
one business qualifying for this credit, you must enclose a
separate Schedule K-64 for each business. PART C — COMPUTATION OF REFUND
LINE 7—Subtract line 6 from line 4. This is the excess credit to
Required Information
be refunded to you. If line 6 is more than line 4 you are not
In order to complete this schedule you will need a copy of the entitled to a refund. Enter this amount on the appropriate line
receipt(s) from your county treasurer showing timely payment of of Form K-40 or Form K-41.
the personal property tax on the qualifying property.
TAXPAYER ASSISTANCE
IMPORTANT: You MUST enclose copies of the paid receipts
with this schedule if the credit on line 4 is more than $500. If you have questions about personal property tax or your
The Department of Revenue reserves the right to request any additional valuation notice, contact your county appraiser. If you have
receipts as necessary. questions or need a copy of your personal property tax receipt
for payment, contact your county treasurer.
If your paid receipt does not separate the tax paid on If you need assistance completing this schedule, contact the
qualified property from other personal property taxes paid, Department of Revenue:
you must obtain a breakdown of the tax paid on the qualified
property from the county and enclose it with this schedule. Taxpayer Assistance Center
This may include obtaining the assessed value and mill levy from Scott Office Building
the county in order to determine the tax paid on qualified property. 120 SE 10th Ave.
For example, if you own Schedule 2 property, you will need the PO Box 750260
Topeka, KS 66699-0260
tax paid on prescribed and itemized equipment separated from
the total tax paid on the mineral leasehold interests. For Schedule Phone: 785-368-8222
6 property, you will need the tax paid on business-related property Fax: 785-291-3614
separated from Schedule 6 non-business-related property. Website: ksrevenue.org
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