Instructions For Form K-130/130as (Page 3 of 4) in pdf

LINE 21—SURTAX: A. Banks—Multiply the amount shown on line

amount of balance due and enter the result on line 31. Interest is

19 in excess of $25,000 by 2.125%. Enter result on line 21A.

to be computed in whole months.

B. Savings and loans, trust companies and federally chartered

LINE 32—PENALTY: If you filed your Kansas return after the

savings banks—Multiply the amount shown on line 19 in excess of

original due date but within 6 months of the original due date,

$25,000 by 2.25%. Enter result on line 21B.

calculate the penalty at 10% of the amount of balance due

LINE 22—TOTAL TAX: Add line 20 and line 21A or line 21B. Enter

determined above. If you filed your Kansas return more than 6

result on line 22.

months after the original due date, calculate the penalty at 25% of

the amount of balance due determined above.

LINE 23—TOTAL NONREFUNDABLE CREDITS: Enter on line

23 the total nonrefundable credits from page 2, Part III. This amount

LINE 33—ESTIMATE TAX PENALTY: If underpayment of

cannot exceed the amount on line 22.

estimated tax penalty is due, enter the amount from your

Schedule K-230 on line 33 and attach Schedule K-230 to the

LINE 24—BALANCE: Subtract line 23 from line 22. Enter the result

return. If you are annualizing to compute the penalty or to avoid

on line 24. This amount cannot be less than zero.

the penalty, check the box on line 33. Any corporation which

LINE 25—ESTIMATED TAX PAID AND AMOUNT CREDITED

began business in Kansas during this period is not required to

FORWARD: Enter on line 25 the amount of estimated tax the

file a declaration, and no underpayment penalty will be imposed.

corporation has paid for the current taxable year. This includes the

LINE 34—TOTAL TAX, INTEREST, AND PENALTY DUE: Add lines

amount of any 1998 overpayment which the corporation requested

30, 31, 32, and 33. Enter the result on line 34. If this amount is less

to be credited to the 1999 estimated tax account, plus all estimated

than $5, no payment need be made. Otherwise, make check or

tax payments made for the current tax year. You are requested to

money order payable to “Kansas Privilege Tax” and mail to Kansas

list the amount of each estimate tax payment and the date paid on

Privilege Tax, Kansas Department of Revenue, 915 SW Harrison

page 2, Part I of the return.

St., Topeka, Kansas 66699-6000.

You could be liable for penalty due to underpayment of estimated

tax. See instructions for “Estimated Tax.”

OVERPAYMENT

LINE 26—OTHER TAX PAYMENTS: Enter on line 26 any amount

LINE 35—OVERPAYMENT: If line 29 is greater than the sum of

of prepaid tax other than estimated tax.

line 24 and line 33, subtract the sum of line 24 and line 33 from

LINE 27—EQUIPMENT PROPERTY TAX CREDIT REFUND: Enter

line 29 and enter the result on line 35.

the amount of equipment property tax credit not used on line 23.

LINE 36—REFUND: Enter on line 36 that part of line 35 you wish

LINE 28—CHILD DAY CARE ASSISTANCE CREDIT REFUND: Enter

to be refunded. No refund will be made for amounts less than $5.

the amount of child day care assistance credit not used on line 23.

LINE 37—2000 ESTIMATED TAX: Enter on line 37 the amount of

LINE 29—TOTAL PREPAID CREDITS: Add lines 25, 26, 27 and

line 35 you wish to be credited to your 2000 estimated tax account.

28. Enter the result on line 29.

SIGNATURE AND VERIFICATION

The return must be signed and sworn to by the president, vice-

BALANCE DUE

president, or other principal officer.

LINE 30—BALANCE DUE: If line 24 is greater than line 29, subtract

If the return is prepared by a firm or corporation, the return should

line 29 from line 24 and enter the result on line 30.

be signed in the name of the firm or corporation. Any person or

LINE 31—INTEREST: If you filed your Kansas return after the due

persons who prepares the return for compensation must sign the

date, compute the interest at the rate of .75% per month on the

return.

SPECIFIC INSTRUCTIONS FOR FORM K-130, PAGE 2

PART I. Additional Information

had expenditures for the purpose of making all or any portion of an

All corporations must answer all questions in Part I.

existing building or facility accessible to the disabled.

INTEREST REDUCTION CREDIT (Schedule K-52): A state bank

PART II. Affiliated Corporations Doing Business in Kansas

or national banking association which extends or renews an

Every corporation must complete the information required in

agricultural production loan to an eligible agricultural borrower at an

this section for every affiliated corporation which is doing business

interest rate which is at least one whole percentage point less than

in Kansas. If additional space is needed, please attach a schedule

the lowest interest rate made on loans with equivalent collateral or

to your return.

which reduces the rate of interest being charged on any outstanding

PART III. Schedule of Nonrefundable Credits

agricultural production loan to an eligible agricultural borrower by at

Every corporation must complete this section when claiming a

least one whole percentage point shall receive this credit.

Kansas tax credit. If you are eligible to claim any of the credits

VENTURE CAPITAL CREDIT (Schedule K-55): A credit for a portion

listed below you must complete the appropriate schedule and attach

of the taxpayer’s investment in Kansas Venture Capital, Inc. may be

it to your Kansas income tax return. See back cover for address

claimed against the taxpayer’s Kansas income tax liability.

and phone number for the nearest assistance center to you and

CHILD DAY CARE ASSISTANCE CREDIT (Schedule K-56): Any

how to obtain forms.

taxpayer that pays for or provides child day care services to its

BUSINESS AND JOB DEVELOPMENT CREDIT (Schedules K-34,

employees or that provides facilities and necessary equipment for

K-34CO and K-34T): You may be entitled to claim a credit against

child day care services, will be allowed a refundable credit against

your Kansas privilege tax liability if you commenced operations at

the privilege tax.

the facility on or after January 1, 1996.

COMMUNITY SERVICE CONTRIBUTION CREDIT (Schedule

DISABLED ACCESS CREDIT (Schedule K-37): You may be

K-60): Any business firm which contributes to a community service

eligible for a credit against your Kansas privilege tax liability if you

organization shall be allowed a credit against the privilege tax liability.

Page 6

Instructions For Form K-130/130as Page 3

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