Kansas Mathematics and Science Teacher Employment Credit

Mathematics and Science Teacher Employment Credit
Mathematics and Science Teacher Employment Credit K-71_Rev. 8-07K -71

194118

KANSAS

MATHEMATICS AND SCIENCE TEACHER
EMPLOYMENT CREDIT

(Rev. 8-18)

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)

Congressional District (check one):

PART A – COMPUTATION OF CREDIT AVAILABLE FROM THIS YEAR’S SALARIES

1. Amount paid to teachers NOT teaching in a school district located in a rural community,
underserved area, or underperforming urban area (see instructions).

1. ______________

2. Maximum percent allowed.

25%
2. ______________

3. Credit allowed (multiply line 1 by line 2).

3. ______________

4. Amount paid to teachers that teach in a school district located in a rural community,
underserved area, or underperforming urban area (see instructions).

4. ______________

5. Maximum percent allowed.

30%
5. ______________

6. Credit allowed (multiply line 4 by line 5).

6. ______________

7. Total math and science teacher employment credit (add line 3 and line 6).

7. ______________

8. Proportionate share percentage (see instructions).

8. ______________

9. Your share of the credit (multiply line 7 by line 8).

9. ______________

PART B – COMPUTATION OF TOTAL CREDIT CLAIMED THIS YEAR
10. Your tax liability for this tax year (see instructions).

10. ______________

11. Amount of credit this tax year (see instructions).
Enter this amount on the appropriate line of Form K-120, Form K-40, or Form K-41

11. ______________

INSTRUCTIONS FOR SCHEDULE K-71

GENERAL INFORMATION

SPECIFIC LINE INSTRUCTIONS

K.S.A. 79-32,215 provides an income tax credit to any business
firm which has entered into a partnership agreement to employ a
Kansas mathematics or science teacher during times that school
is not in session. The credit is for taxable years 2005, 2006 and
2007 and is:

Enter all requested information at the top of this schedule. Mark
the appropriate check box of the congressional district for which
the business firm is located. A list of Kansas cities and counties
by congressional district is available on the following website:
http://skyways.lib.ks.us/ksleg/KLRD/LDP_Congressional.htm

1) 25% of the amount paid during the taxable year by such
business firm to teachers as salary pursuant to the
partnership agreement; or

PART A – COMPUTATION OF CREDIT AVAILABLE FROM
THIS YEAR’S SALARIES

2) 30% of the amount paid during the taxable year by such
business firm to teachers as salary pursuant to the
partnership agreement if the teacher is teaching in a
school district located in a rural community, underserved
area or underperforming urban area.

LINE 1 – Enter the total amount paid during the tax year to teachers
as salary pursuant to the partnership agreement when the
teacher is NOT teaching in a school district located in a rural
community, underserved area or underperforming urban area.

The total amount of credits are limited to $500,000 in any one
fiscal year and no more than $125,000 of credits shall be for
business firms located in any one congressional district per fiscal
year.

LINE 2 – This part of the credit is limited to 25% of the salary paid
during the tax year.
LINE 3 – Multiply line 1 by line 2, and enter the result on line 3.

No credit shall be allowed to a business firm when the teacher
employed by the firm is a household or family member of any
owner, director, officer or employee of such business firm.

LINE 4 – Enter the total amount paid during the tax year to teachers
as salary pursuant to the partnership agreement when the
teacher IS teaching in a school district located in a rural
community, underserved area or underperforming urban area.

The total credit allowed shall not exceed the amount of tax
imposed under the Kansas income tax act.

LINE 5 – This part of the credit is limited to 30% of the salary paid
during the tax year.

The Secretary of Revenue shall approve these credits IN
ADVANCE on a first-come, first serve basis. Prior to a business
firm claiming this tax credit, the Secretary of Revenue shall require
submission of the following: 1) A partnership agreement for each
teacher employed; 2) the salary amount paid to each teacher
during the taxable year; and 3) any additional information the
Secretary of Revenue may require.

LINE 6 – Multiply line 4 by line 5, and enter the result on line 6.

The partnership agreement form can be found by visiting the
following website: www.ksrevenue.org/taxcredits-math.htm

LINE 7 – Add line 3 and line 6, and enter the result on line 7.
LINE 8 – Partners, shareholders or members: Enter the percentage
that represents your proportionate share in the partnership, S
corporation, LLC or LLP. All other taxpayers: Enter 100%.
LINE 9 – Multiply line 7 by line 8 and enter the result on line 9. This
is your share of the tax credit.
PART B – COMPUTATION OF TOTAL CREDIT CLAIMED THIS YEAR

DEFINITIONS
Business firm: Any business entity authorized to do business
in the state of Kansas which is subject to the state income tax
imposed by the provisions of the Kansas income tax act and any
individual subject to the state income tax imposed by the
provisions of the Kansas income tax act.
Partnership agreement: An agreement entered into pursuant
to K.S.A. 79-32,215. Such agreement shall contain a description
of the duties of the position the teacher shall be performing,
sufficient to establish that such position satisfies the criteria set
forth in K.S.A. 79-32,215.
Rural community: The meaning ascribed thereto by K.S.A.
79-32,195, and amendments thereto.
Teacher: A person who holds a certificate to teach in Kansas
with an endorsement in the areas of mathematics, science,
physics, chemistry or biology and has entered into a partnership
agreement.
Underperforming urban area: An area of the state in which
low academic performance by pupils in school districts in such
area as determined and specified by the state board of education.
Underserved area: The meaning ascribed thereto by K.S.A.
74-32,101, and amendments thereto.

LINE 10 – Your tax liability. Enter your tax amount for this tax year
after all credits, other than this credit.
LINE 11 – Amount of credit this tax year. Enter the lesser of line
9 or line 10. Enter this amount on the appropriate line of Form
K-40, Form K-41 or Form K-120. (You may not carry over any
amount of credit exceeding your tax liability.)
TAXPAYER ASSISTANCE
Questions about the Math and Science Teacher Service Credit
or for assistance in completing this schedule contact the Kansas
Department of Revenue:
Taxpayer Assistance Center
120 SE 10th St
PO Box 758571
Topeka, KS 66675-8571
Phone: (785) 368-8222
Hearing Impaired TTY: (785) 296-6461
Fax: (785) 291-3614
Additional copies of this income tax credit schedule and other
tax forms are available from our web site at www.ksrevenue.org.

Extracted from PDF file 2023-kansas-form-k-71.pdf, last modified September 2007

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More about the Kansas Form K-71 Corporate Income Tax Tax Credit TY 2023

We last updated the Mathematics and Science Teacher Employment Credit in February 2024, so this is the latest version of Form K-71, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form K-71 directly from TaxFormFinder. You can print other Kansas tax forms here.

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-71 from the Department of Revenue in February 2024.

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Form K-71 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-71

We have a total of eleven past-year versions of Form K-71 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2023 Form K-71