191218
                                                       KANSAS
K-53(Rev. 8-20)                 RESEARCH AND DEVELOPMENT CREDIT
                For the taxable year beginning ________________________________ , 20______ ; ending ________________________________ , 20_______
Name of taxpayer (as shown on return)                                                      Social Security Number or Employer ID Number (EIN)

If partner, shareholder or member, enter name of partnership, S corporation, LLC or LLP    Employer ID Number (EIN)

PART A – COMPUTATION OF MAXIMUM ALLOWABLE CREDIT FOR THIS YEAR'S EXPENDITURES (C Corporations only)
1. Research and development expenditures for current year.
o Machinery and Equipment              o Payroll         o Other                                        1.                           ____________________________
2. Research and development expenditures for the:
      a. first preceding taxable year.                                                                  2a.                          ____________________________
      b. second preceding taxable year, if applicable (see instructions).                               2b.                          ____________________________
3. Total (add lines 1, 2a, and if applicable 2b, and enter the total on line 3; see instructions).      3.                           ____________________________
4. Average (divide line 3 by 3). This is your average expenditure over the last three years.            4.                           ____________________________
5. Expenditure amount for credit (subtract line 4 from line 1; cannot be less than zero).               5.                           ____________________________
6. Total research and development credit (multiply line 5 by 6.5% or .065).                             6.                           ____________________________
7. Maximum allowable credit in any one year (multiply line 6 by 25% or .25).                            7.                           ____________________________

PART B – COMPUTATION OF ALLOWED CREDIT FOR THIS YEAR'S EXPENDITURES
8. Amount of your tax liability for this tax year after all other credits other than this credit.       8.                           ____________________________
9. Amount of credit allowable as a result of expenditures made this tax year (enter amount from
line 7 or line 8, whichever is less).                                                                   9.                           ____________________________

PART C – COMPUTATION OF CARRY FORWARD CREDIT
10. Amount of carry forward allowed (subtract line 9 from line 6).                                      10.                          ____________________________

PART D – COMPUTATION OF CREDITS FROM PRIOR YEARS

                                                                          (A)                       (B) (C)                                     (D)
11. Year end date of original K-53 for which a carry over
is being claimed.                                        11.
12. Amount of carry over from the original K-53 for the
year shown on line 11.                                   12.
13. Amount of line 12 which has previously been used
as a credit.                                             13.

14. Year(s) credit was used.                             14.

15. Carry forward remaining (line 12 minus line 13).     15.

16. Maximum credit allowable in any one year from
original K-53 for the year shown on line 11.             16.
17. Amount of carry forward available to this return
(lesser of line 15 or line 16).                          17.

18. Total carry forward amount available (add line 17, columns A through D).                            18.                          ____________________________
19. Amount of tax liability for current taxable year after all previously claimed credits.              19.                          ____________________________

PART E – COMPUTATION OF TOTAL CREDIT CLAIMED THIS TAX YEAR
20. Enter the lesser of the sum of lines 9 and 18 or line 19. Enter this amount on the appropriate
line of Form K-40, Form K-41, or Form K-120.                                                            20.                          ____________________________

                          INSTRUCTIONS FOR SCHEDULE K-53

                GENERAL INSTRUCTIONS                                      LINE 5  –  Subtract  line 4  from  line  1.  This  is  the  amount  of 
                                                                          expenditures  eligible  for  the  credit.  If  line  1  is  less  than  or 
A credit may be deducted from a taxpayer’s Kansas income                  equal to line 4, enter zero on line 5.
tax liability if the taxpayer had qualifying expenditures in research
and development activities conducted within Kansas (K.S.A. 79-            LINE 6 – Multiply line 5 by 6.5% (.065). This is the total credit.
32,182b).  Qualifying  expenditures  are  expenditures  made  for         LINE 7 – Multiply line 6 by 25% (.25). This is the maximum credit
research  and  development  purposes  (other  than  expenditures          allowed in any one tax year.
of monies made available to the taxpayer pursuant to federal or           PART B – COMPUTATION OF ALLOWED CREDIT FOR THIS
state  law),  which  are  expenses  allowable  for  deduction  under                 YEAR’S EXPENDITURES
the provisions of the federal Internal Revenue Code of 1986 and                  – Enter amount of your Kansas tax liability for this year.
                                                                          LINE 8
amendments thereto.
The  allowable  credit  is  6.5%  of  the  amount  by  which  the         LINE 9 – Enter the lesser of line 7 or line 8. This is the credit
amount expended for the activities in the taxable year exceeds            allowed for expenditures made during this tax year.
the  taxpayer’s  average  of  the  actual  expenditures.  This  is  for   PART C – COMPUTATION OF CARRY FORWARD CREDIT
the activities made in the taxable year and the two immediate
preceding taxable years.                                                  LINE 10 – Subtract line 9 from line 6. This is the amount of credit
The  amount  of  credit  allowable  in  any  one  taxable  year  is       to be carried forward.
limited to 25% of the total amount of the credit plus any applicable      PART D – COMPUTATION OF CREDITS FROM PRIOR YEARS
carry forward. The amount of any remaining unused credit may
be carried forward until the total amount of the credit is used.          If additional columns are necessary, please enclose a separate
For  tax  year  2013,  and  all  tax  years  thereafter,  new  credits    schedule. You will need copies of your Schedule K-53 forms from
shall  be  available  to  only  corporations  that  are  subject  to  the prior years to complete this section.
Kansas corporate income tax (i.e., C corporations). New credits           LINE 11 – Enter the year end date of the original ScheduleK-53
are  not  available  to  individuals,  partnerships,  S  corporations,    for which you are claiming a carry forward credit.
limited liability companies, and other pass-through entities.
Carry Forward of Unused Credits: If this credit was earned prior          LINE 12 – Enter the amount of carry forward from the original
to  tax  year  2013  and  a  carry  forward  credit  remains  available   Schedule K-53 for the year shown on line 11.
to a taxpayer, that taxpayer may continue to claim that credit.           LINE  13 – Enter the total amount of line 12 which you have
However, that carry forward credit shall be subject to limitations        previously claimed as a credit.
and requirements in place at the time the credit was earned.                      – Enter the years you previously claimed the credit.
                                                                          LINE 14
Be  sure  to  keep  an  itemized  schedule  of  expenditures
for  amounts  claimed  on  lines  1,  2a  and  2b.  KDOR  (Kansas         LINE 15 – Subtract line 13 from line 12. This is the amount of
Department  of  Revenue)  reserves  the  right  to  request  this         carry forward remaining from the prior K-53 schedules.
information as necessary.                                                 LINE 16 – Enter the maximum credit allowable in any one year 
K.S.A. 74-50,227 requires the collection of certain tax incentive         from the original Schedule K-53 for the year shown on line 11.
information for publication on a database managed by the Kansas 
Department of Commerce. Information collected will include the            LINE 17 – Enter the lesser of line 15 or line 16. This is the amount
name and address, including county of the recipient receiving the         of carry forward available to this return from each year shown
benefits  from  the  tax  incentive  program,  the  annual  amount  of    on line 11.
incentive claimed, distributed or received, qualification criteria for    LINE 18 – Add line 17, columns (A) through (D) (plus additional 
the incentive, and required benchmarks for continued participation        columns if applicable) and enter the result. This is the total 
in the program and progress made towards the benchmarks.                  amount of carry forward credit available to this tax year.
        SPECIFIC LINE INSTRUCTIONS                                        LINE 19 – Enter total Kansas tax liability for the current tax year 
                                                                          after all previously claimed credits.
Enter the taxpayer’s name and Social Security number or federal
Employer Identification Number (EIN) in the space provided. If            PART E – COMPUTATION OF TOTAL CREDIT CLAIMED THIS TAX YEAR
the person claiming this credit is a partner or shareholder in a
partnership, LLC, S Corporation, etc., enter the name and EIN             LINE 20 – Enter the lesser of the sum of lines 9 and 18 or line 19.
of that entity.                                                           Enter this amount on the appropriate line of Form K-40, Form
                                                                          K-41, or Form K-120.
PART A – COMPUTATION OF MAXIMUM ALLOWABLE CREDIT 
FOR THIS YEAR’S EXPENDITURES (C Corporations only)                                   TAXPAYER ASSISTANCE
LINE 1 – Mark the box that best describes your research and               For assistance in completing this schedule contact the Kansas 
development expenditures for the current year.                            Department of Revenue:
LINE 2a – Enter the total allowable research and development                         Taxpayer Assistance Center
expenditures  for  activities  conducted  within  Kansas  for  the                   Scott Office Building
first tax year preceding the current taxable year.                                   120 SE 10th Ave
LINE 2b – Enter the total allowable research and development                         PO Box 750260
expenditures  for  activities  conducted  within  Kansas  for  the                   Topeka KS 66699-0260
second tax year preceding the current taxable year.                                  Phone: 785-368-8222
LINE 3 – Add lines 1, 2a, and 2b and enter the result on line 3.                     Fax: 785-291-3614
LINE 4 – Divide line 3 by three (3). This is the amount of average        Additional copies of this credit schedule and other tax forms
expenditures.                                                             are available from our website at: ksrevenue.org