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Kansas Technical and Community College Deferred Maintenance Credit Instructions
Extracted from PDF file 2023-kansas-form-k-84.pdf, last modified August 2010Technical and Community College Deferred Maintenance Credit Instructions
WORKSHEET INSTRUCTIONS (K-84) GENERAL INSTRUCTIONS K.S.A. 79-32,261 provides for a 60% income, privilege or premiums tax credit for contributions made on and after July 1, 2008 by any taxpayer who contributes to a Community College located in Kansas for capital improvements or to a Technical College located in Kansas for deferred maintenance or the purchase of technology or equipment. This tax credit is applicable for tax year 2008 for any contributions made on and after July 1, 2008, and for tax years 2009, 2010, 2011 and 2012 for any contributions made during the entire tax year. When a taxpayer contributes to a Kansas Community College or a Technical College, the taxpayer will receive a Tax Credit Certificate containing an identification number. DO NOT file the Tax Credit Certificate with your return. If the amount of the credit allowed for a taxpayer who contributes to a community college or a technical college located in Kansas exceeds the taxpayer’s Kansas income tax liability, such excess amount shall be refunded to the taxpayer. Community college means a community college established under the provisions of the community college act. The following list of colleges fall under the “community college” definition: • • • • • • • • • • • • • • • • • • • Allen County Community College Barton County Community College Butler County Community College Cloud County Community College Coffeyville County Community College and Area Technical School Colby County Community College Cowley County Community College Dodge City Community College Fort Scott Community College Garden City Community College Highland Community College Hutchinson Community College Independence Community College Johnson County Community College Kansas City Kansas Community College Labette Community College Neosho County Community College Pratt Community College Seward County Community College Technical College means a technical college as designated pursuant to K.S.A. 72-4472, 72-4473, 72-4474, 72-4475 and 72-4477, and amendments thereto. The following list of colleges fall under the “technical college” definition: • Flint Hills Technical College • Manhattan Area Technical College • North Central Kansas Technical College • Northwest Kansas Technical College • Wichita Area Technical College SPECIFIC LINE INSTRUCTIONS Enter all requested information at the top of this schedule. PART A – COMPUTATION OF CREDIT LINE 1 – Enter the total amount contributed on and after July 1, 2008 to a Community College located in Kansas for capital improvements or the amount contributed to a Technical College located in Kansas for deferred maintenance or the purchase of technology or equipment for capital improvements. LINE 2 – This percentage (60%) determines the maximum credit allowable by law. LINE 3 – Multiply line 1 by line 2 and enter the result. This is the maximum credit allowable. LINE 4 – 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%. LINES 5a & 5b – Multiply line 3 by line 4 and enter the result on line 5a. Multiply line 5a by 90% (.90) and enter the result on line 5b. This is your share of the total credit for the amount contributed this year. NOTE: All filers will complete lines 1 through 5. Only Form K-40 filers will complete lines 6 and 7 and, if applicable, line 8. PART B —COMPUTATION OF TOTAL CREDIT CLAIMED THIS TAX YEAR LINES 6a & 6b – Enter the amount of your Kansas tax liability for this tax year to be applied against this credit and enter the result on line 6a. Multiply line 6a by 90% (.90) and enter the result on line 6b. LINE 7 – Enter the lesser of line 5b or line 6b. Enter this amount on the appropriate line of Form K-40. If line 6a is less than line 5a, complete PART C. PART C — COMPUTATION OF REFUNDABLE PORTION OF CREDIT LINE 8 – Subtract line 7 from line 5b. Enter the result. This is the amount that will be refunded to you. Also enter this amount on the appropiate line for refundable credits on Form K-40.
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More about the Kansas Form K-84 Corporate Income Tax Tax Credit TY 2023
We last updated the Technical and Community College Deferred Maintenance Credit Instructions in February 2024, so this is the latest version of Form K-84, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form K-84 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 |
| 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-84 from the Department of Revenue in February 2024.
Form K-84 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-84
We have a total of eleven past-year versions of Form K-84 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2013 Form K-84
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2011 Form K-84
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