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Kansas Free Printable Mathematics and Science Teacher Employment Credit K-71_Rev. 8-07 for 2020 Kansas Mathematics and Science Teacher Employment Credit

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Mathematics and Science Teacher Employment Credit
Mathematics and Science Teacher Employment Credit K-71_Rev. 8-07

K -71 194118 KANSAS MATHEMATICS AND SCIENCE TEACHER EMPLOYMENT CREDIT (Rev. 8-18) 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) Congressional District (check one): ‰1 ‰2 ‰3 ‰4 PART A – COMPUTATION OF CREDIT AVAILABLE FROM THIS YEAR’S SALARIES 1. Amount paid to teachers NOT teaching in a school district located in a rural community, underserved area, or underperforming urban area (see instructions). 1. ______________ 2. Maximum percent allowed. 25% 2. ______________ 3. Credit allowed (multiply line 1 by line 2). 3. ______________ 4. Amount paid to teachers that teach in a school district located in a rural community, underserved area, or underperforming urban area (see instructions). 4. ______________ 5. Maximum percent allowed. 30% 5. ______________ 6. Credit allowed (multiply line 4 by line 5). 6. ______________ 7. Total math and science teacher employment credit (add line 3 and line 6). 7. ______________ 8. Proportionate share percentage (see instructions). 8. ______________ 9. Your share of the credit (multiply line 7 by line 8). 9. ______________ PART B – COMPUTATION OF TOTAL CREDIT CLAIMED THIS YEAR 10. Your tax liability for this tax year (see instructions). 10. ______________ 11. Amount of credit this tax year (see instructions). Enter this amount on the appropriate line of Form K-120, Form K-40, or Form K-41 11. ______________ INSTRUCTIONS FOR SCHEDULE K-71 GENERAL INFORMATION SPECIFIC LINE INSTRUCTIONS K.S.A. 79-32,215 provides an income tax credit to any business firm which has entered into a partnership agreement to employ a Kansas mathematics or science teacher during times that school is not in session. The credit is for taxable years 2005, 2006 and 2007 and is: Enter all requested information at the top of this schedule. Mark the appropriate check box of the congressional district for which the business firm is located. A list of Kansas cities and counties by congressional district is available on the following website: http://skyways.lib.ks.us/ksleg/KLRD/LDP_Congressional.htm 1) 25% of the amount paid during the taxable year by such business firm to teachers as salary pursuant to the partnership agreement; or PART A – COMPUTATION OF CREDIT AVAILABLE FROM THIS YEAR’S SALARIES 2) 30% of the amount paid during the taxable year by such business firm to teachers as salary pursuant to the partnership agreement if the teacher is teaching in a school district located in a rural community, underserved area or underperforming urban area. LINE 1 – Enter the total amount paid during the tax year to teachers as salary pursuant to the partnership agreement when the teacher is NOT teaching in a school district located in a rural community, underserved area or underperforming urban area. The total amount of credits are limited to $500,000 in any one fiscal year and no more than $125,000 of credits shall be for business firms located in any one congressional district per fiscal year. LINE 2 – This part of the credit is limited to 25% of the salary paid during the tax year. LINE 3 – Multiply line 1 by line 2, and enter the result on line 3. No credit shall be allowed to a business firm when the teacher employed by the firm is a household or family member of any owner, director, officer or employee of such business firm. LINE 4 – Enter the total amount paid during the tax year to teachers as salary pursuant to the partnership agreement when the teacher IS teaching in a school district located in a rural community, underserved area or underperforming urban area. The total credit allowed shall not exceed the amount of tax imposed under the Kansas income tax act. LINE 5 – This part of the credit is limited to 30% of the salary paid during the tax year. The Secretary of Revenue shall approve these credits IN ADVANCE on a first-come, first serve basis. Prior to a business firm claiming this tax credit, the Secretary of Revenue shall require submission of the following: 1) A partnership agreement for each teacher employed; 2) the salary amount paid to each teacher during the taxable year; and 3) any additional information the Secretary of Revenue may require. LINE 6 – Multiply line 4 by line 5, and enter the result on line 6. The partnership agreement form can be found by visiting the following website: www.ksrevenue.org/taxcredits-math.htm LINE 7 – Add line 3 and line 6, and enter the result on line 7. LINE 8 – Partners, shareholders or members: Enter the percentage that represents your proportionate share in the partnership, S corporation, LLC or LLP. All other taxpayers: Enter 100%. LINE 9 – Multiply line 7 by line 8 and enter the result on line 9. This is your share of the tax credit. PART B – COMPUTATION OF TOTAL CREDIT CLAIMED THIS YEAR DEFINITIONS Business firm: Any business entity authorized to do business in the state of Kansas which is subject to the state income tax imposed by the provisions of the Kansas income tax act and any individual subject to the state income tax imposed by the provisions of the Kansas income tax act. Partnership agreement: An agreement entered into pursuant to K.S.A. 79-32,215. Such agreement shall contain a description of the duties of the position the teacher shall be performing, sufficient to establish that such position satisfies the criteria set forth in K.S.A. 79-32,215. Rural community: The meaning ascribed thereto by K.S.A. 79-32,195, and amendments thereto. Teacher: A person who holds a certificate to teach in Kansas with an endorsement in the areas of mathematics, science, physics, chemistry or biology and has entered into a partnership agreement. Underperforming urban area: An area of the state in which low academic performance by pupils in school districts in such area as determined and specified by the state board of education. Underserved area: The meaning ascribed thereto by K.S.A. 74-32,101, and amendments thereto. LINE 10 – Your tax liability. Enter your tax amount for this tax year after all credits, other than this credit. LINE 11 – Amount of credit this tax year. Enter the lesser of line 9 or line 10. Enter this amount on the appropriate line of Form K-40, Form K-41 or Form K-120. (You may not carry over any amount of credit exceeding your tax liability.) TAXPAYER ASSISTANCE Questions about the Math and Science Teacher Service Credit or for assistance in completing this schedule contact the Kansas Department of Revenue: Taxpayer Assistance Center 120 SE 10th St PO Box 758571 Topeka, KS 66675-8571 Phone: (785) 368-8222 Hearing Impaired TTY: (785) 296-6461 Fax: (785) 291-3614 Additional copies of this income tax credit schedule and other tax forms are available from our web site at www.ksrevenue.org.
Extracted from PDF file 2019-kansas-form-k-71.pdf, last modified September 2007

More about the Kansas Form K-71 Corporate Income Tax Tax Credit TY 2019

We last updated the Mathematics and Science Teacher Employment Credit in March 2020, so this is the latest version of Form K-71, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form K-71 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-41 Fiduciary Income Tax
Form K-4 Employees Withholding Allowance Certificate
Form K-89 Rural Opportunity Zone Credit Instructions
Form K-120ES Corporate Estimated Tax Payment Vouchers
Form K-30 Angel Investor Credit

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-71 from the Department of Revenue in March 2020.

Show Sources >

Form K-71 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-71

We have a total of seven past-year versions of Form K-71 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form K-71

Mathematics and Science Teacher Employment Credit K-71_Rev. 8-07

2018 Form K-71

Mathematics and Science Teacher Employment Credit K-71_Rev. 8-07

2017 Form K-71

Mathematics and Science Teacher Employment Credit K-71_Rev. 8-07

2016 Form K-71

Mathematics and Science Teacher Employment Credit K-71_Rev. 8-07

Credit Schedules 2015 Form K-71

Mathematics and Science Teacher Employment Credit K-71_Rev. 8-07

Credit Schedules 2013 Form K-71

Mathematics and Science Teacher Employment Credit K-71_Rev. 8-07

Credit Schedules 2011 Form K-71

Mathematics and Science Teacher Employment Credit K-71_Rev. 8-07


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