Get KS K-59 2021-2024

LINE 11r For Column 3 subtract line 11q from line 11p. LINE 11s Enter 1 000 000 as the minimum investment allowed if the 1 2012 and in the county of Douglas Johnson Sedgwick Shawnee or Wyandotte. LINE 11t Subtract the minimum investment allowed on line 11s 1 000 000 or 50 000 from line 11r in Column 3. First Year Carry Forward a. Tax Year d. Carry Fwd Amt b. Certification No. e. Credit Used f. Credit Fwd Available 26. LINE 11m For each Column 2 and 3 add the amounts on lines 11a through 11l and enter the result on line 11m. the number of full months the QBF was in operation. rented by the taxpayer and used at the QBF. Rented property is valued at eight times the net annual rental rate. The information collected will be used by KDOR in evaluating the effectiveness of the HPIP tax credits. Enter your ownership percentage. See instructions. 13. Amount of current year credit available multiply line 11u by 12 13a. Prior year s carry forward 13b. On lines 11a through 11l enter the total cumulative value of of operation at the QBF during the portion of the taxable year the QBF was in operation. If the QBF was in operation for only three full months during the tax year you would enter the investment for those three months. K-59 Rev. 7/16 KANSAS HIGH PERFORMANCE INCENTIVE PROGRAM HPIP CREDITS For the taxable year beginning 20 ending 20. Total amount expended for payroll during the period specified* 5. Multiply line 4 by 2. 6. Amount of credit subject to limitation subtract line 5 from line 3. 7. Training and education credit for amount invested the lesser of line 6 or 50 000. 8. Enter your proportionate share percentage. Number of actual jobs created as a direct result of this qualified business facility investment. 18. Additional payroll generated as a direct result of actual jobs created on line 17 19. Actual number of jobs retained that would have been eliminated if not for this qualified business facility investment 20. Payroll for actual jobs retained on line 19 21. Additional revenue or loss generated as a direct result of this qualified business facility investment. 22. Additional sales generated as a direct result of this qualified business facility investment 23. Second Year 27. Third Year 28. Fourth Year 29. Fifth Year 30. Sixth Year 31. Seventh Year 32. Eighth Year 33. 36. Twelfth Year 37. Thirteenth Year 38. Fourteenth Year 39. Fifteenth Year 40. Sixteenth Year INSTRUCTIONS FOR SCHEDULE K-59 GENERAL INFORMATION Schedule K-59 provides an investment schedule and a carry forward schedule. Training and Education Credit. A qualified firm that invests in the wages is eligible to receive a tax credit. The credit is the amount of limited to 50 000. The credit must be used in the tax year it is earned* There is no carry forward provision for this credit. If additional information is needed the Department of Revenue reserves the right to request it at a later date. LINE 5 Multiply line 4 by 2 and enter the result* LINE 6 Subtract line 5 from line 3 and enter the result* LINE 7 Enter amount from line 6 or 50 000 whichever is less.