Schedule K-63 - Kansas Habitat Management Credit (Page 2 of 2) in pdf

INSTRUCTIONS FOR SCHEDULE K-63

GENERAL INFORMATION

PART B – CREDIT FOR COSTS INCURRED

Enter the total costs incurred this tax year for management

LINE 6 –

K.S.A. 79-32,203 provides a habitat management income tax

and improvements specified in the agreement. Enclose an

credit for property owners who enter into an agreement with the

itemized list with copies of invoices and receipts (circling the

Secretary of Wildlife and Parks to preserve, maintain, or protect a

habitat items if combined with other purchases) with this

portion of their property that has been designated as critical habitat

schedule.

for a species listed as endangered, threatened, or in need of

LINE 7 –

Credit forward available. Enter the total of lines 14 and

conservation qualify for the credit. The credit amount is the total

16 of the prior year’s Schedule K-63.

of the property tax paid on the land designated as critical habitat

LINE 8 –

Add lines 6 and 7.

and the costs incurred to manage, construct, and maintain

Enter your total Kansas tax liability for this tax year after

LINE 9 –

improvements approved by the Secretary of Wildlife and Parks.

all credits other than the habitat management credit. If you

have an entry on line 5 of this schedule, subtract line 5 from

This credit is available for taxable years beginning after

line 4 and enter the result on line 9.

December 31, 1997, but before January 1, 2003. The credit is

Enter the lesser of lines 8 or 9.

LINE 10 –

limited to the tax liability after all other allowable credits are taken

for the year the credit is claimed. Should the costs incurred (Part

PART C – CREDIT COMPUTATION

B of this schedule) exceed the tax liability, the taxpayer may, at the

Add lines 5 and 10. Enter this amount on the tax credit

LINE 11 –

time of filing the initial return on which the credit is claimed, elect

line for your return (Form K-40, K-41, or K-120).

to either carry forward the excess credit to the next succeeding

If line 10 is less than line 8, complete PART D.

taxable year or years until the total amount of the credit has been

used, or receive a refund of the excess credit.

PART D – CARRY FORWARD or REFUND COMPUTATION

Addition Modification Required: The property taxes and costs

Subtract line 10 from line 8. This is the amount of excess

LINE 12 –

credit available for refund or carry forward. (The property tax

claimed as the basis for the habitat management credit that are

amount from Part A is not eligible for refund or carry forward).

claimed for deduction in determining federal adjusted gross income

must be added back to federal adjusted gross income. Enter the

Enter the lesser of lines 6 or 12.

LINE 13 –

total on the line on your return provided for addition modifications.

Subtract line 13 from line 12. This amount must be

LINE 14 –

carried forward to next year since a carry forward election

Required Documentation: You must enclose these documents

was made for these excess expenses in a prior year. Enter

this amount on line 7 of next year’s Schedule K-63. Keep a

with this schedule:

copy of this schedule to file with next year’s return.

1. A signed copy of your endangered species habitat

Subtract line 14 from line 2. The is the amount of

LINE 15 –

agreement with the Kansas Department of Wildlife and

excess credit available from costs incurred this tax year eligible

Parks, including all “Exhibit B” worksheets. Do not send

for carry forward or refund.

“Exhibit A,” the map of habitat land.

If you elect to carry forward the amount on line 15, enter

LINE 16 –

2. An itemized list of Part B costs with copies of invoices.

the amount on line 16. Enter this amount (plus any amount

on line 14) on line 7 of next year’s Schedule K-63. Keep a

copy of this schedule to file with next year’s return.

Partnerships and S Corporations: Partners and shareholders

should enter on lines 1 and 6 their proportionate share of the taxes

LINE 17 –

If you elect to have the amount on line 15 refunded to

and costs incurred this tax year by the partnership or S corporation

you, enter the amount from line 15 here, and also on the line

provided on your return for the refundable portion of tax credits.

(enclose computation).

TAXPAYER ASSISTANCE

SPECIFIC LINE INSTRUCTIONS

For information about endangered wildlife, critical habitats, or

your conservation agreement, contact:

PART A – PROPERTY TAX CREDIT

Kansas Department of Wildlife and Parks

Division of Fisheries and Wildlife

Enter the total real estate taxes paid on the habitat land

LINE 1 –

512 SE 25

Ave.

under agreement with the Kansas Department of Wildlife and

Pratt, KS 67124

Parks from the Exhibit B worksheet(s) of agreement. DO NOT

(620) 672-5911

include any additional tax incurred due to filing penalties.

For assistance in completing this schedule contact:

Enter as the numerator the number of months this tax

LINE 2 –

year the agreement was in effect. For example, for an

Taxpayer Assistance Center

agreement entered into during March, enter “9”, resulting in

Kansas Department of Revenue

915 SW Harrison St.,

the fraction 9/12ths, or 75%.

Topeka, KS 66625-2007

LINE 3 –

Multiply line 1 by line 2. This is the amount of property tax

Phone: (785) 368-8222

credit available this tax year.

Hearing Impaired TTY: (785) 296-6461

LINE 4 –

Enter your total Kansas tax liability for this tax year after

Additional copies of this schedule and other tax forms are

all credits other than the habitat management credit.

available from the department’s office or web site at

Enter the lesser of lines 3 or 4.

LINE 5 –

Schedule K-63 - Kansas Habitat Management Credit Page 2

Related Articles

Related forms

Related Categories