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Kentucky Tracking Schedule for a KIRA Project
Schedule KIRA-T is obsolete, and is no longer supported by the Kentucky Department of Revenue.
Extracted from PDF file 2020-kentucky-schedule-kira-t.pdf, last modified May 2002Tracking Schedule for a KIRA Project
SCHEDULE TRACKING SCHEDULE FOR A KIRA PROJECT KIRA-T 41A720-S25 (12-98) ➤ Attach this form to Schedule KIRA or KIRA-SP. Commonwealth of Kentucky REVENUE CABINET Name of o Corporation ➤ See instructions. o S Corporation o Partnership Location of Project City Federal Identification Number Kentucky Account Number __—_______ _______ Date KIRA Revitalization Agreement was Executed Economic Development Project Number __/__/__ County A Taxable Year Ended Mo. B C Employee Wage Assessment Fees Withheld or Appropriations Received Under an Appropriation Agreement Balance of Approved Costs – – – – – – – – – – – – – – – – – – – – – – – – = = = = = = = = = = = = = = = = = = = = = = = = = Day Yr. ____ D E KIRA Tax Credit Limitation KIRA Tax Credit Claimed INSTRUCTIONS—SCHEDULE KIRA-T PURPOSE OF SCHEDULE—This schedule is to be used by any company which has entered into a revitalization agreement for a Kentucky Industrial Revitalization (KIRA) project to maintain a record of the approved costs, wage assessment fees and income tax credits for the duration of the revitalization agreement. This information is necessary for the company to determine the limitation of the tax credit for each year of the revitalization agreement and to allow the Kentucky Revenue Cabinet to verify that the credit has been properly computed. GENERAL INSTRUCTIONS A single Schedule KIRA-T, Tracking Schedule for a KIRA Project, shall be maintained for the duration of each KIRA project. Beginning with the first taxable year of the KIRA revitalization agreement, complete Columns A through E using a separate line for each year of the revitalization agreement. The company shall attach a copy of this schedule updated with current year information to the Schedule KIRA or Schedule KIRA-SP, which is filed with the Kentucky income tax return for the year. SPECIFIC INSTRUCTIONS Column A—Enter on each line the ending date (month and year) of the taxable year for which the information requested in Columns B through E is entered. Column B—For the taxable year that includes the activation date of the revitalization agreement, enter 50 percent of the total start-up costs as verified by the Kentucky Economic Development Finance Authority. For each year thereafter, if the amount entered in Column D for the prior year exceeds the amount entered in Column E for the prior year, enter the difference. Column C—Enter the total amount of employee wage assessment fees (both the state and local portion) withheld from the salaries of employees during the taxable year, or the appropriations received during the taxable year if an appropriation agreement was entered into in lieu of utilization of the wage assessment. Column D—Enter the result of subtracting the amount entered in Column C from the amount entered in Column B. Also, enter on Schedule KIRA, line 4, or Schedule KIRA-SP, line 3, whichever is applicable. Column E—Enter the amount of KIRA tax credit claimed for the taxable year. For C corporations, this amount will be the amount from Schedule KIRA, line 5, or the amount entered for this project on Schedule TCS, line 1, Column E, whichever is applicable. For S corporations and partnerships, this amount will be the amount from Schedule KIRA-SP, line 4(a) or 4(b).
41A720-S25
More about the Kentucky Schedule KIRA-T Corporate Income Tax
We last updated the Tracking Schedule for a KIRA Project in August 2021, and the latest form we have available is for tax year 2020. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Kentucky Department of Revenue. You can print other Kentucky tax forms here.
Related Kentucky Corporate Income Tax Forms:
TaxFormFinder has an additional 129 Kentucky income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Kentucky Schedule KIRA-T.
| Form Code | Form Name |
|---|---|
| Schedule KIRA | Tax Credit Computation Schedule for a KIRA Project of a Corporation |
| Schedule KIRA-SP | Tax Computation Schedule for a KIRA Project of a Pass-Through Entity |
View all 130 Kentucky Income Tax Forms
Form Sources:
Kentucky usually releases forms for the current tax year between January and April. We last updated Kentucky Schedule KIRA-T from the Department of Revenue in August 2021.
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 Kentucky Schedule KIRA-T
We have a total of six past-year versions of Schedule KIRA-T in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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