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Kansas Assistive Technology Contribution Credit
Extracted from PDF file 2023-kansas-form-k-42.pdf, last modified November 2022Assistive Technology Contribution Credit
K-42 (Rev. 11-22) KANSAS 193518 ASSISTIVE TECHNOLOGY CONTRIBUTION CREDIT For the taxable year beginning __________________________ , 20 _______ ; ending ________________________________ , 20 __________ Name of taxpayer (as shown on return) Employer ID Number (EIN) COMPUTATION OF CREDIT (C Corporations only) 1. Total assistive technology contributions made this tax year (certified by KATO). 1. _______________________________ 2. Percentage of contributions allowed as tax credit. 2. _______________________________ 3. Credit available as a result of contributions made this tax year (multiply line 1 by line 2). 3. _______________________________ 4. Amount of your Kansas tax liability for this tax year after all credits other than this credit. 4. _______________________________ 5. Credit this tax year. Enter the lesser of lines 3 or 4. Enter this amount on the appropriate line of Form K-120. 5. _______________________________ GENERAL INSTRUCTIONS K.S.A. 65-7101 et seq. established the IDA (Individual Development Account) program for assistive technology. This law also provides a Kansas income tax credit to any person or entity (program contributor) who makes a contribution to an IDA reserve fund. The income tax credit is 25% of the amount contributed during the tax year. The purpose of the IDA program for assistive technology is to provide eligible families and individuals with an opportunity to establish special savings accounts for moneys which may be used by them to purchase assistive technology. For tax year 2013, and all tax years thereafter, new credits shall be available to only corporations that are subject to the Kansas corporate income tax (i.e., C corporations). New credits are not available to individuals, partnerships, S corporations, limited liability companies, and other passthrough entities. Assistive technology means any item, piece of equipment or product system, whether acquired commercially, off the shelf, modified or customized, that is used to increase, maintain or improve functional capabilities of individuals with disabilities. The program is established within the Schiefelbusch Institute for Life Span Studies of the University of Kansas and 25% is to be administered by Assistive Technology for Kansans. Assistive Technology for Kansas will submit verification of qualified tax credits to the Kansas Department of Revenue. TAXPAYER ASSISTANCE For information about establishing an assistive technology IDA or making contributions, contact: Assistive Technology for Kansans 2601 Gabriel Parsons KS 67357 Phone: 1-800-526-3648 Website: atk.ku.edu/ For assistance in completing this schedule contact the Kansas Department of Revenue: Taxpayer Assistance Center Scott Office Building 120 SE 10th Ave PO Box 750260 Topeka KS 66699-0260 Phone: 785-368-8222 Fax: 785-291-3614 Additional copies of this credit schedule and other tax forms are available from our website at: ksrevenue.gov
K-42 Kansas Assistive Technology Contribution Credit Rev. 11-22
More about the Kansas Form K-42 Corporate Income Tax Tax Credit TY 2023
We last updated the Assistive Technology Contribution Credit in February 2024, so this is the latest version of Form K-42, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form K-42 directly from TaxFormFinder. You can print other Kansas tax forms here.
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TaxFormFinder has an additional 73 Kansas income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form K-4 | Employees Withholding Allowance Certificate |
| Form K-120ES | Corporate Estimated Tax Payment Vouchers |
| Form K-41 | Fiduciary Income Tax |
| Form IA-81 | Claim to Support Withholding Tax Credit |
| Form 1041V | Fiduciary Income Tax Voucher |
View all 74 Kansas Income Tax Forms
Form Sources:
Kansas usually releases forms for the current tax year between January and April. We last updated Kansas Form K-42 from the Department of Revenue in February 2024.
Form K-42 is a Kansas Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Kansas Form K-42
We have a total of eleven past-year versions of Form K-42 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form K-42
K-42 Kansas Assistive Technology Contribution Credit Rev. 11-22
2022 Form K-42
K-42 Kansas Assistive Technology Contribution Credit Rev. 11-22
2021 Form K-42
K-42 Kansas Assistive Technology Contribution Credit Rev. 8-19
2020 Form K-42
K-42 Kansas Assistive Technology Contribution Credit Rev. 8-19
2019 Form K-42
K-42 Kansas Assistive Technology Contribution Credit Rev. 8-19
2018 Form K-42
K-42 Kansas Assistive Technology Contribution Credit
2017 Form K-42
K-42 Kansas Assistive Technology Contribution Credit
2016 Form K-42
K-42 Kansas Assistive Technology Contribution Credit
2015 Form K-42
Assistive Technology Contribution Credit K-42 Rev. 8-15
2013 Form K-42
K-42 Assistive Technology Contribution Credit (Rev. 9-13)
2011 Form K-42
K-42 Assistive Technology Contribution Credit (Rev. 8-11)
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