Fillable Form K-33 - Kansas Agritourism Liability Insurance Credit

INSTRUCTIONS FOR SCHEDULE K-33

GENERAL INFORMATION

LINE 3 – Multiply line 1 by line 2, and enter the result. This is the

credit available for this year’s expenditures.

K.S.A. 32-1438 and 32-1438a provides for an income tax credit

LINE 4 – Enter the amount of any credit carry forward from a prior

equal to 20% of the cost of liability insurance paid by a registered

year’s Schedule K-33. (There will not be an entry on this line in

agritourism operator who operates an agritourism activity. The

the first year.)

maximum credit allowed is $2,000 per tax year. An agritourism

business must register with the Kansas Department of Wildlife,

LINE 5 – Add line 3 and line 4. This is the total credit available for

Parks and Tourism and receive a certificate of eligibility to claim

this tax year.

this income tax credit.

LINE 6 – The maximum credit allowable for any tax year is $2,000.

Registered agritourism businesses who begin operating on or

LINE 7 – Enter the lesser of line 5 or line 6. This is the credit for

after July 1, 2004 may claim this credit for the first five taxable

years the agritourism business is open.

this tax year.

If the credit exceeds the taxpayer’s income tax liability for the

PART B – COMPUTATION OF THIS YEAR’S CREDIT

tax year, the excess credit may be carried forward to the next

succeeding year or years until the total amount of tax credit has

LINE 8 – Enter your Kansas tax liability for this tax year after all

been used, except that no credit may be carried over for deduction

credits other than this credit.

after the third taxable year succeeding the taxable year in which

the credit is earned.

LINE 9 – Enter the lesser of line 7 or line 8. Enter amount here

and on the appropriate line of Form K-40, K-41 or K-120 (K-120

For tax year 2013, and all tax years thereafter, new credits shall

filers will enter this amount in Part I of Form K-120).

be available to only corporations that are subject to the Kansas

corporate income tax (i.e., C Corporations). New credits are not

If line 8 is LESS than line 7, complete Part C.

available to individuals, partnerships, S corporations, limited

liability companies, and other pass-through entities.

PART C – COMPUTATION OF EXCESS CREDIT CARRY FORWARD

Carry Forward of Unused Credits: If this credit was earned prior

LINE 10 – Subtract line 9 from line 7. Do not enter an amount less

to tax year 2013 and a carry forward credit remains available

than zero. This is the carry forward credit available to enter on

to a taxpayer, that taxpayer may continue to claim that credit.

next year’s Schedule K-33.

However, that carry forward credit shall be subject to limitations

and requirements in place at the time the credit was earned.

IMPORTANT: Do not send enclosures with this credit

schedule. Keep a copy of the certificate issued by Kansas

SPECIFIC LINE INSTRUCTIONS

Department of Wildlife, Parks and Tourism with your

records. The Kansas Department of Revenue reserves the right to

IMPORTANT: An agritourism business must be registered

request additional information as necessary to verify your tax credit.

with the Kansas Department of Wildlife, Parks and Tourism

to be eligible for this tax credit.

TAXPAYER ASSISTANCE

Complete all information at the top of the schedule.

For information and assistance regarding the establishment or

PART A – COMPUTATION OF CREDIT AVAILABLE FOR

operation of an agritourism activity contact:

THIS YEAR’S EXPENDITURES

Kansas Department of Wildlife, Parks and Tourism

1020 S Kansas Avenue

LINE 1 (C Corporations only) – Enter total amount paid for

Topeka, KS 66612

liability insurance during this tax year as a direct expense of

Phone: 785-296-1847

operating an agritourism operation registered with Kansas

Website: kdwpt.state.ks.us

Department of Wildlife, Parks and Tourism. Your insurance

agent must certify that the liability insurance meets the

For assistance in completing this schedule contact the Kansas

eligibility criteria for claiming this credit as set out in Kansas

Department of Revenue:

Administrative Regulation 115-40-1 et seq., specifically that

the amount entered on line 1:

By mail

Walk-in

Tax Operations

Taxpayer Assistance Center

1. was paid during this tax year;

Docking State Office Building

Scott Office Building

2. is limited to only the parcel(s) of real property employed

915 SW Harrison St.

120 SE 10th Ave.

in the agritourism operation; and,

Topeka, KS 66612-1588

Topeka, KS

3. is the cost of specific liability insurance for the agritourism

operation that is in addition to existing liability insurance

Phone: 785-368-8222

coverage.

Fax: 785-291-3614

LINE 2 – The credit amount is 20% of the cost of liability insurance

Additional copies of this credit schedule and other tax forms are

paid by a registered agritourism operator during the tax year.

available from our website at:

Form K-33 - Kansas Agritourism Liability Insurance Credit - 2016 Page 2

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