Kansas Single City Port Authority Credit
Extracted from PDF file 2023-kansas-form-k-76.pdf, last modified July 2023Single City Port Authority Credit
K-76 KANSAS K-76 Attach 192418 SINGLE CITY PORT AUTHORITY CREDIT (Rev. 7-23) For the taxable year beginning, _____________ , 20 ____ ; ending _________________ , 20 _____. Name of taxpayer (as shown on return) Employer ID Number (EIN) Enter the date(s) and amount(s) of payments made to retire indebtedness authorized by a single city port authority established prior to January 1, 2002. If additional space is needed, enclose a separate schedule. Date of Payment Amount Date of Payment Amount Total amount of payments made this tax year as itemized in this table. Enter this amount on the applicable line for nonrefundable credits. GENERAL INFORMATION K.S.A. 79-32,212 provides an income tax credit in an amount equal to 100% of the amount attributable to the retirement of indebtedness authorized by a single city port authority established before January 1, 2002. Upon certification by the Secretary of Revenue of the amount of the credit to the Director of Accounts and Reports, a warrant for the amount of the credit will be issued. Such payment is deemed to be a capital contribution. The total of all credits allowed cannot exceed $500,000 for any one fiscal year. The credit is available for taxable years 2002 through 2021. For tax year 2013 through 2021, this credit shall be available to only corporations that are subject to the Kansas corporate income tax (i.e., C corporations). For tax years 2022 through 2024, this credit shall be available to all taxpayers subject to income tax. Pass-through entities that HAVE NOT elected to be taxed at the entity level Partners, shareholders or members, enter the percentage that represents your proportionate share in the partnership, S corporation, LLC or LLP. Pass-through entities that HAVE elected to be taxed at the entity level Electing pass-through entity, enter the percentage that represents the proportionate share of all “electing passthrough entity owners”. Partners, shareholders or members that are NOT “electing pass-through entity owners” (i.e. other pass-through entities and C corporations), enter the percentage that represents your proportionate share in the partnership, S corporation, LLC or LLP. All other taxpayers, enter 100%. Enter this amount on the appropriate line of Form K-40, K-41, K-120 or K-120S. TAXPAYER ASSISTANCE 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-76 Single City Port Authority Credit Rev. 7-23
More about the Kansas Form K-76 Corporate Income Tax Tax Credit TY 2023
We last updated the Single City Port Authority Credit in February 2024, so this is the latest version of Form K-76, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form K-76 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-76 from the Department of Revenue in February 2024.
Form K-76 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-76
We have a total of eleven past-year versions of Form K-76 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
K-76 Single City Port Authority Credit Rev. 7-23
K-76 Single City Port Authority Credit Rev. 7-22
K-76 Single City Port Authority Credit Rev. 7-21
K-76 Single City Port Authority Credit Rev. 8-19
K-76 Single City Port Authority Credit Rev. 8-19
K-76 Kansas Single City Port Authority Credit Rev. 10-17
K-76 Kansas Single City Port Authority Credit Rev. 10-17
K-76 Kansas Single City Port Authority Credit
Single City Port Authority Credit K-76 (Rev. 7-14)
K-76 Single City Port Authority Credit (Rev. 9-13)
Single City Port Authority Credit K-76 (Rev. 8-11)
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