Kansas Summary Schedule for Agricultural Loan Interest Reduction Credit

Summary Schedule for Agricultural Loan Interest Reduction Credit
Summary Schedule for Agricultural Loan Interest Reduction Credit K-52_Rev. 9-06K-52
(Rev. 8-18)

193818

KANSAS

SUMMARY SCHEDULE FOR
AGRICULTURAL LOAN INTEREST REDUCTION 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 TOTAL CREDIT
1. Enter the amount of principal on all agricultural production loans on file with the Federal Deposit
Insurance Corporation or the Farm Credit Administration as of December 31, 1999.

______________

2. Maximum percentage allowed.

______________

3. Maximum principal amount of loans eligible for credit. Multiply line 1 by line 2.

______________

4. Enter the remaining principal balance of all qualifying loans as of the date(s) of extension, renewal
or reduced interest rate (Total of lines 2c from all Schedule(s) K-51)

______________

5. Enter the lesser of lines 3 or line 4.

______________

6a. If line 4 is the lesser, enter the total of line 14 from all Schedule(s) K-51. This is the total amount
of interest reduction credit based on the remaining principal balance of all qualifying loans.

6a.

______________

6b. If line 3 is the lesser, you must reduce the total remaining principal balance on the loans
on Schedule K-51 to the amount on line 3. The total principal loan balance on which the interest
reduction credit is based (total of line 10 of all Schedule(s) K- 51) cannot exceed the maximum
amount on line 3 above. To compute, see Instructions. Enter the adjusted total amount of interest
reduction credit based on the remaining principal balance maximum on line 3.

6b.

______________

7. Maximum interest reduction credit allowable per taxable year. Multiply line 6a or 6b by 20%.

______________

8. If you are claiming a prior year carryover, enter the amount from line 12 of each previously filed
K-52. If claiming a credit from a prior year, complete Schedule K-52 Carry Forward Worksheet.

______________

9. Total maximum interest reduction credit allowable per taxable year. Add lines 7 and 8.

______________

10. Amount of tax due on Form K-40, K-120 or K-130 before any other credits.

10.

______________

11. Amount of credit allowed for this taxable year. Enter the lesser of line 9 or line 10. Enter this
amount on the appropriate line of Form K-40, Form K-120 or Form K-130.

11.

______________

12.

______________

IMPORTANT: If line 4 is the lesser, complete line 6a. If line 3 is the lesser, complete 6b.

PART B MAXIMUM CREDIT ALLOWABLE EACH TAXABLE YEAR

PART C COMPUTATION OF CARRY FORWARD

12. Carry forward (Subtract line 11 from line 9.) This is the excess credit for carry forward.
Enter this amount on line 7 of next years Schedule K-52 Carry Forward Worksheet.

Extracted from PDF file 2023-kansas-form-k-52.pdf, last modified September 2006

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More about the Kansas Form K-52 Corporate Income Tax Tax Credit TY 2023

We last updated the Summary Schedule for Agricultural Loan Interest Reduction Credit in February 2024, so this is the latest version of Form K-52, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form K-52 directly from TaxFormFinder. You can print other Kansas tax forms here.

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Other Kansas Corporate Income Tax Forms:

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 Estimated
Form K-41	Fiduciary Income Tax Tax Return
Form IA-81	Claim to Support Withholding Tax Credit Tax Credit
Form 1041V	Fiduciary Income Tax Voucher Voucher

Download all KS tax forms 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-52 from the Department of Revenue in February 2024.

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Form K-52 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-52

We have a total of eleven past-year versions of Form K-52 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2023 Form K-52