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Kansas Free Printable K-53 Kansas Research and Development Credit Rev. 8-20 for 2021 Kansas Research and Development Credit

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Research and Development Credit
K-53 Kansas Research and Development Credit Rev. 8-20

K-53 KANSAS (Rev. 8-20) 191218 RESEARCH AND DEVELOPMENT CREDIT For the taxable year beginning ________________________________ , 20______ ; ending ________________________________ , 20 _______ Name of taxpayer (as shown on return) Social Security Number or Employer ID Number (EIN) If partner, shareholder or member, enter name of partnership, S corporation, LLC or LLP Employer ID Number (EIN) PART A – COMPUTATION OF MAXIMUM ALLOWABLE CREDIT FOR THIS YEAR'S EXPENDITURES (C Corporations only) 1. Research and development expenditures for current year. o Machinery and Equipment o Payroll 2. Research and development expenditures for the: a. first preceding taxable year. o Other 1. ____________________________ 2a. ____________________________ 2b. ____________________________ 3. Total (add lines 1, 2a, and if applicable 2b, and enter the total on line 3; see instructions). 3. ____________________________ 4. Average (divide line 3 by 3). This is your average expenditure over the last three years. 4. ____________________________ 5. Expenditure amount for credit (subtract line 4 from line 1; cannot be less than zero). 5. ____________________________ 6. Total research and development credit (multiply line 5 by 6.5% or .065). 6. ____________________________ 7. Maximum allowable credit in any one year (multiply line 6 by 25% or .25). 7. ____________________________ 8. ____________________________ 9. ____________________________ 10. ____________________________ b. second preceding taxable year, if applicable (see instructions). PART B – COMPUTATION OF ALLOWED CREDIT FOR THIS YEAR'S EXPENDITURES 8. Amount of your tax liability for this tax year after all other credits other than this credit. 9. Amount of credit allowable as a result of expenditures made this tax year (enter amount from line 7 or line 8, whichever is less). PART C – COMPUTATION OF CARRY FORWARD CREDIT 10. Amount of carry forward allowed (subtract line 9 from line 6). PART D – COMPUTATION OF CREDITS FROM PRIOR YEARS (A) 11. Year end date of original K-53 for which a carry over is being claimed. 11. 12. Amount of carry over from the original K-53 for the year shown on line 11. 12. 13. Amount of line 12 which has previously been used as a credit. 13. 14. Year(s) credit was used. 14. 15. Carry forward remaining (line 12 minus line 13). 15. 16. Maximum credit allowable in any one year from original K-53 for the year shown on line 11. 16. 17. Amount of carry forward available to this return (lesser of line 15 or line 16). 17. (B) (C) (D) 18. Total carry forward amount available (add line 17, columns A through D). 18. ____________________________ 19. Amount of tax liability for current taxable year after all previously claimed credits. 19. ____________________________ 20. ____________________________ PART E – COMPUTATION OF TOTAL CREDIT CLAIMED THIS TAX YEAR 20. Enter the lesser of the sum of lines 9 and 18 or line 19. Enter this amount on the appropriate line of Form K-40, Form K-41, or Form K-120. INSTRUCTIONS FOR SCHEDULE K-53 GENERAL INSTRUCTIONS A credit may be deducted from a taxpayer’s Kansas income tax liability if the taxpayer had qualifying expenditures in research and development activities conducted within Kansas (K.S.A. 7932,182b). Qualifying expenditures are expenditures made for research and development purposes (other than expenditures of monies made available to the taxpayer pursuant to federal or state law), which are expenses allowable for deduction under the provisions of the federal Internal Revenue Code of 1986 and amendments thereto. The allowable credit is 6.5% of the amount by which the amount expended for the activities in the taxable year exceeds the taxpayer’s average of the actual expenditures. This is for the activities made in the taxable year and the two immediate preceding taxable years. The amount of credit allowable in any one taxable year is limited to 25% of the total amount of the credit plus any applicable carry forward. The amount of any remaining unused credit may be carried forward until the total amount of the credit is used. For tax year 2013, and all tax years thereafter, new credits shall be available to only corporations that are subject to the Kansas corporate income tax (i.e., C corporations). New credits are not available to individuals, partnerships, S corporations, limited liability companies, and other pass-through entities. Carry Forward of Unused Credits: If this credit was earned prior to tax year 2013 and a carry forward credit remains available to a taxpayer, that taxpayer may continue to claim that credit. However, that carry forward credit shall be subject to limitations and requirements in place at the time the credit was earned. Be sure to keep an itemized schedule of expenditures for amounts claimed on lines 1, 2a and 2b. KDOR (Kansas Department of Revenue) reserves the right to request this information as necessary. K.S.A. 74-50,227 requires the collection of certain tax incentive information for publication on a database managed by the Kansas Department of Commerce. Information collected will include the name and address, including county of the recipient receiving the benefits from the tax incentive program, the annual amount of incentive claimed, distributed or received, qualification criteria for the incentive, and required benchmarks for continued participation in the program and progress made towards the benchmarks. SPECIFIC LINE INSTRUCTIONS Enter the taxpayer’s name and Social Security number or federal Employer Identification Number (EIN) in the space provided. If the person claiming this credit is a partner or shareholder in a partnership, LLC, S Corporation, etc., enter the name and EIN of that entity. PART A – COMPUTATION OF MAXIMUM ALLOWABLE CREDIT FOR THIS YEAR’S EXPENDITURES (C Corporations only) LINE 5 – Subtract line 4 from line 1. This is the amount of expenditures eligible for the credit. If line 1 is less than or equal to line 4, enter zero on line 5. LINE 6 – Multiply line 5 by 6.5% (.065). This is the total credit. LINE 7 – Multiply line 6 by 25% (.25). This is the maximum credit allowed in any one tax year. PART B – COMPUTATION OF ALLOWED CREDIT FOR THIS YEAR’S EXPENDITURES LINE 8 – Enter amount of your Kansas tax liability for this year. LINE 9 – Enter the lesser of line 7 or line 8. This is the credit allowed for expenditures made during this tax year. PART C – COMPUTATION OF CARRY FORWARD CREDIT LINE 10 – Subtract line 9 from line 6. This is the amount of credit to be carried forward. PART D – COMPUTATION OF CREDITS FROM PRIOR YEARS If additional columns are necessary, please enclose a separate schedule. You will need copies of your Schedule K-53 forms from prior years to complete this section. LINE 11 – Enter the year end date of the original ScheduleK-53 for which you are claiming a carry forward credit. LINE 12 – Enter the amount of carry forward from the original Schedule K-53 for the year shown on line 11. LINE 13 – Enter the total amount of line 12 which you have previously claimed as a credit. LINE 14 – Enter the years you previously claimed the credit. LINE 15 – Subtract line 13 from line 12. This is the amount of carry forward remaining from the prior K-53 schedules. LINE 16 – Enter the maximum credit allowable in any one year from the original Schedule K-53 for the year shown on line 11. LINE 17 – Enter the lesser of line 15 or line 16. This is the amount of carry forward available to this return from each year shown on line 11. LINE 18 – Add line 17, columns (A) through (D) (plus additional columns if applicable) and enter the result. This is the total amount of carry forward credit available to this tax year. LINE 19 – Enter total Kansas tax liability for the current tax year after all previously claimed credits. PART E – COMPUTATION OF TOTAL CREDIT CLAIMED THIS TAX YEAR LINE 20 – Enter the lesser of the sum of lines 9 and 18 or line 19. Enter this amount on the appropriate line of Form K-40, Form K-41, or Form K-120. TAXPAYER ASSISTANCE LINE 1 – Mark the box that best describes your research and development expenditures for the current year. For assistance in completing this schedule contact the Kansas Department of Revenue: LINE 2a – Enter the total allowable research and development expenditures for activities conducted within Kansas for the first tax year preceding the current taxable year. Taxpayer Assistance Center Scott Office Building 120 SE 10th Ave PO Box 750260 Topeka KS 66699-0260 LINE 2b – Enter the total allowable research and development expenditures for activities conducted within Kansas for the second tax year preceding the current taxable year. LINE 3 – Add lines 1, 2a, and 2b and enter the result on line 3. LINE 4 – Divide line 3 by three (3). This is the amount of average expenditures. Phone: 785-368-8222 Fax: 785-291-3614 Additional copies of this credit schedule and other tax forms are available from our website at: ksrevenue.org
Extracted from PDF file 2020-kansas-form-k-53.pdf, last modified September 2020

More about the Kansas Form K-53 Corporate Income Tax Tax Credit TY 2020

We last updated the Research and Development Credit in April 2021, so this is the latest version of Form K-53, fully updated for tax year 2020. You can download or print current or past-year PDFs of Form K-53 directly from TaxFormFinder. You can print other Kansas tax forms here.

Other Kansas Corporate Income Tax Forms:

TaxFormFinder has an additional 73 Kansas income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form K-4 Employees Withholding Allowance Certificate
Form K-30 Angel Investor Credit
Form K-89 Rural Opportunity Zone Credit Instructions
Form K-41 Fiduciary Income Tax
Form K-120ES Corporate Estimated Tax Payment Vouchers

Download all KS tax forms View all 74 Kansas Income Tax Forms


Form Sources:

Kansas usually releases forms for the current tax year between January and April. We last updated Kansas Form K-53 from the Department of Revenue in April 2021.

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Form K-53 is a Kansas Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Kansas Form K-53

We have a total of eight past-year versions of Form K-53 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2020 Form K-53

K-53 Kansas Research and Development Credit Rev. 8-20

2019 Form K-53

K-53 Kansas Research and Development Credit Rev. 8-19

2018 Form K-53

K-53 Kansas Research and Development Credit

2017 Form K-53

K-53 Kansas Research and Development Credit

2016 Form K-53

K-53 Kansas Research and Development Credit

Credit Schedules 2015 Form K-53

Research and Development Credit K-53 (Rev. 7-14)

Credit Schedules 2013 Form K-53

K-53 Research and Development Credit (Rev. 9-13)

Credit Schedules 2011 Form K-53

K-53 Research and Development Credit (Rev. 8-11)


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