Kansas Business Machinery and Equipment Credit

Business Machinery and Equipment Credit
K-64 Business Machinery & Equipment Credit Rev. 8-19
K-64
(Rev. 8-19)

191918

KANSAS

BUSINESS MACHINERY & EQUIPMENT 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 – SCHEDULE OF PROPERTY TAXES PAID ON QUALIFIED MACHINERY & EQUIPMENT
Property
tax year

Property classification

2010

Schedule 2 – Oil and Gas Machinery & Equipment

2010

Schedule 5 – Commercial and Industrial Machinery & Equipment

2010

Schedule 6 – Other Business Property (Check all that apply)
 Spare Parts  Supplies
 Other (describe):

2011

Schedule 2 – Oil and Gas Machinery & Equipment

2011

Schedule 5 – Commercial and Industrial Machinery & Equipment

2011

Schedule 6 – Other Business Property (Check all that apply)
 Spare Parts
 Supplies
 Other (describe):

(a)
Property tax paid*

(b)
Date paid**

* Do not include any filing penalties.
** If paid on more than one date, enter the latest date.

1a. Enter the total from column (a) above. This is the total property tax paid this tax year on qualified
commercial and industrial machinery and equipment (do NOT include equipment you are leasing).

1a. _______________

1b. If you are a partner, member, or shareholder in a partnership, S corporation, LLC, or LLP, enter
the percentage that represents your proportionate share. If you are the sole owner, enter 100%.

1b. _____________ %

2. Total property tax eligible for credit (multiply line 1a by line 1b).

2.

_______________

3. Credit percentage allowed.

3.

25%
_______________

4. Total credit available this tax year (multiply line 2 by line 3). IMPORTANT: If you are filing Forms
K-120 or K-130, skip lines 5 through 7 and enter this amount on the appropriate line of your return.

4.

_______________

5. Amount of your Kansas tax liability for this tax year after all credits other than this credit.

5.

_______________

6. Credit this tax year (enter the lesser of line 4 or line 5). Also enter this amount on the appropriate
line of Form K-40 or Form K-41.

6.

_______________

7.

_______________

PART B – COMPUTATION OF CREDIT (All filers complete lines 3 and 4)

Form K-40 or Form K-41 filers: complete lines 5 and 6 and, if applicable, PART C.

If line 6 is less than line 4, complete PART C.

PART C – COMPUTATION OF REFUND (K-40 and K-41 filers)
7.

Subtract line 6 from line 4. This is the amount of excess credit to be refunded. Enter this amount
on the refundable credit line of Form K-40 or Form K-41.

INSTRUCTIONS FOR SCHEDULE K-64

GENERAL INFORMATION
K.S.A. 79-32,206 provides a tax credit against the income tax,
privilege tax, and insurance company premiums tax for personal
property taxes paid. The credit is 25% of the personal property
taxes timely paid in the tax year. The property tax must have been
timely paid during the tax year for which the credit is taken. The
amount of credit that exceeds the tax liability will be refunded.
“Qualifying machinery and equipment” means commercial and
industrial machinery and equipment required to be listed for
property taxation on Schedule 2, Schedule 5, or Schedule 6 by a forprofit business required to file an income tax, privilege tax, or
insurance company premiums tax return.
• Schedule 2—Prescribed and/or itemized machinery and
equipment used in mineral leasehold interests including
diesel engines, drilling rigs, electric motors, line piping, mud
pumps, water injection pumps, oil separators, oil well tubing
pumps, pumping jacks, service units and tanks.
• Schedule 5—Commercial and industrial machinery and
equipment used for business purposes.
• Schedule 6—All other business related tangible personal
property not elsewhere classified, such as spare parts.
Equipment that is leased can only be claimed by the owner.
Personal property tax paid on motor vehicles, nonbusiness use
property, leased equipment and tangible personal property owned
by a public utility is not eligible for this credit (K.S.A. 79-32,206).
Railroad and Telecommunication companies should
use Credit Schedule K-36 to claim property taxes paid
on machinery and equipment.

Partnerships, S Corporations, LLCs and LLPs
Partners, shareholders and members will claim this credit in
the same manner as they account for their proportionate share
of the income or loss of the partnership, S corporation, LLC, or
LLP. If you are a partner, shareholder or member in more than
one business qualifying for this credit, you must enclose a
separate Schedule K-64 for each business.

Required Information
In order to complete this schedule you will need a copy of the
receipt(s) from your county treasurer showing timely payment of
the personal property tax on the qualifying property.

PART A — SCHEDULE OF PROPERTY TAXES PAID
Using your paid receipt from the county treasurer, enter the
amount of personal property tax timely paid on qualifying
business machinery and equipment. Do not include any
additional tax incurred due to filing penalties. If the receipt does
not provide all the information necessary to complete Part A,
obtain the personal property valuation notice and/or contact
your county appraiser for a breakdown.
Partners, Shareholders or Members: If you are a partner,
shareholder or member in more than one business qualifying for
this credit, enclose a separate Schedule K-64 for each business.
LINE 1a—Enter the total personal property tax timely paid this
tax year on qualified machinery and equipment from column (a).
LINE 1b—Partners, shareholders or members: Enter percentage
that represents your proportionate share in the partnership,
S corporation, LLC or LLP. Sole owners: Enter 100%.
LINE 2—Multiply line 1a by line 1b. This is total personal property
tax eligible for credit this tax year.
PART B — COMPUTATION OF CREDIT
All filers will complete line 4. Only Form K-40 and Form K-41
filers will complete lines 5, 6 and, if applicable, line 7.

LINE 3—The credit percentage allowed is 25% for all property
taxes timely paid in 2011 (both the 2nd half of the 2010 and
any 2011 property taxes).
LINE 4—Multiply line 2 by the percentage on line 3 and enter
result . This is the credit available for this tax year.
Form K-120 and Form K-130 filers: Skip lines 5 through 7
and enter this amount on the appropriate line of Form K-120
or Form K-130.
IMPORTANT: If the amount on line 4 is more than $500, you
must enclose copies of the paid tax receipts with this schedule.

LINE 5—Enter the amount of your Kansas tax liability after all
credits other than this credit.
LINE 6—Enter the lesser of lines 4 or 5. Enter this amount on
the appropriate line of Form K-40 or Form K-41.
If line 6 is less than line 4, complete PART C.
PART C — COMPUTATION OF REFUND
LINE 7—Subtract line 6 from line 4. This is the excess credit to
be refunded to you. If line 6 is more than line 4 you are not
entitled to a refund. Enter this amount on the appropriate line
of Form K-40 or Form K-41.

TAXPAYER ASSISTANCE
IMPORTANT: You MUST enclose copies of the paid receipts
with this schedule if the credit on line 4 is more than $500.
The Department of Revenue reserves the right to request any additional
receipts as necessary.

If your paid receipt does not separate the tax paid on
qualified property from other personal property taxes paid,
you must obtain a breakdown of the tax paid on the qualified
property from the county and enclose it with this schedule.
This may include obtaining the assessed value and mill levy from
the county in order to determine the tax paid on qualified property.
For example, if you own Schedule 2 property, you will need the
tax paid on prescribed and itemized equipment separated from
the total tax paid on the mineral leasehold interests. For Schedule
6 property, you will need the tax paid on business-related property
separated from Schedule 6 non-business-related property.

If you have questions about personal property tax or your
valuation notice, contact your county appraiser. If you have
questions or need a copy of your personal property tax receipt
for payment, contact your county treasurer.
If you need assistance completing this schedule, contact the
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
Website: ksrevenue.org