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  • High Performance Incentive Program Credits K-59 Rev. 9-06. Credit Schedules

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K59 (Rev. 9/06) KANSAS HIGH PERFORMANCE INCENTIVE PROGRAM CREDITS For the taxable year beginning , 20 , ending , 20 . Name of taxpayer (as shown on return) Social Security Number or Employer ID Number.

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The High Performance Incentive Program (HPIP) provides tax incentives to qualifying employers who pay above average wages, along with having a robust commitment to teach skills development for their workers.

The credit is limited to the taxpayer's tax liability. For qualified business facility investment placed into service in taxable years commencing after Dec. 31, 2000 for which the amount of tax credit exceeds the tax liability in any one taxable year, the excess amount may be carried forward for a period of 16 years.

High-Performance Incentive Program (HPIP) Businesses that are HPIP certified through the Kansas Secretary of Commerce are eligible for a sales tax exemption on all tangible personal property or services purchased at the project facility.

To qualify, one or more qualities must apply to you; be 55 or older all of 2022, blind, disabled or have a dependent child under 18 who lived with you all year whom you claim as a personal exemption.

Investment tax credits are basically a federal tax incentive for business investment. They let individuals or businesses deduct a certain percentage of investment costs from their taxes. These credits are in addition to normal allowances for depreciation.

Your business must be subject to Kansas income, sales or property taxes; meet certain NAICS code requirements; and pay above average wages for the county or industry. The HPIP Investment Credit amount is 10% of project costs above and beyond $50,000 or $1 million, depending on location.

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232