Form K-64 - Kansas Business Machinery & Equipment Credit
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1KANSAS
K-64
BUSINESS MACHINERY & EQUIPMENT CREDIT
(Rev. 9/02)
For the taxable year beginning
, 20
, ending
, 20
.
Name of Taxpayer (as shown on return)
Social Security Number
If partner, shareholder or member, name of partnership, S corporation, LLC or LLP
Employer Identification Number (EIN)
PART A - SCHEDULE OF PROPERTY TAXES PAID ON QUALIFIED MACHINERY & EQUIPMENT
PARTNERS, SHAREHOLDERS AND MEMBERS: If you are a partner, shareholder or member in more than one business qualifying for
this credit, enclose a schedule showing the name and EIN, the information in Part A on the tax paid on qualified machinery and
equipment, and your ownership percentage in each business. Enter on line 2 the total for all businesses.
Property Tax
(a)
(b)
Year
Property Classification
Property Tax Paid*
Date Paid
2001
Schedule 2 – Oil and Gas Machinery & Equipment
2001
Schedule 5 – Commercial and Industrial Machinery & Equipment
2001
Schedule 6 – Other Business Property (Check all that apply)
q
q
q
________________
Spare Parts
Supplies
Other:
(describe)
2002
Schedule 2 – Oil and Gas Machinery & Equipment
2002
Schedule 5 – Commercial and Industrial Machinery and Equipment
2002
Schedule 6 – Other Business Property (Check all that apply)
q
q
q
________________
Spare Parts
Supplies
Other:
(describe)
Total Tax Paid (total of column (a))
* Do not include any filing penalties.
1a. Enter the total from column (a) above. This is the total property tax paid this tax year on
qualified commercial and industrial machinery and equipment.
1a.
1b. If you are a partner, shareholder or member in a partnership, S corporation, LLC or LLP, enter
the percentage that represents your proportionate share. If you are the sole owner, enter 100%.
1b.
%
2.
Total property tax eligible for credit. Multiply line 1a by line 1b.
2.
PART B - COMPUTATION OF CREDIT (
3
4)
ALL FILERS COMPLETE LINES
AND
3.
Credit percentage allowed.
3.
15%
4.
Total credit available this tax year. Multiply line 2 by line 3. IMPORTANT: If you are filing
4.
Form K-120 or Form K-130, DO NOT complete lines 5 – 7 of Schedule K-64. Enter the amount from
line 4 of this schedule on line 28 of Form K-120, or line 27 of Form K-130.
If you are filing a Form K-40 or Form K-41, complete lines 5 and 6, and if applicable, PART C.
5.
Enter your total tax liability for this tax year after all credits other than this credit.
5.
6.
Credit this tax year. Enter the lesser of lines 4 or 5.
Enter this amount on line 15 of Form K-40, or line 9 of Form K-41.
6.
If line 6 is less than line 4, complete PART C.
PART C - COMPUTATION OF REFUND
7.
Subtract line 6 from line 4. This is the amount of excess credit to be refunded.
7.
Enter this amount on line 22 of Form K-40, or line 14 of Form K-41.
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