Kentucky Tracking Schedule for a KJDA Project
Extracted from PDF file 2020-kentucky-schedule-kjda-t.pdf, last modified November 2006
Tracking Schedule for a KJDA Project*0600020248* SCHEDULE KJDA-T 41A720-S28 (10-06) Commonwealth of Kentucky DEPARTMENT OF REVENUE ➤ See instructions. TRACKING SCHEDULE FOR A KJDA PROJECT ➤ Attach a copy of this schedule to Schedule KJDA or KJDA-SP. Name of Corporation as defined in KRS 141.010(24) General Partnership Other ___________________________________________________ Location of Project KRS 154.24-010 to 160 Federal Identification Number Kentucky Account Number __—_______ ______ Activation Date of KJDA Service and Technology Agreement Economic Development Project Number __/__/__ City County Mo. Day Yr. A B C D E F G Taxable Year Ended Balance of Approved Costs 50 Percent of Approved Annual Rental Payments Employee Wage Assessment Fees Withheld In-Lieu-Of Credits Received KJDA Tax Credit Limitation KJDA Tax Credit Claimed + –( + )= + –( + )= + –( + )= + –( + )= + –( + )= + –( + )= + –( + )= + –( + )= + –( + )= + –( + )= + –( + )= + –( + )= + –( + )= + –( + )= + –( + )= + –( + )= + –( + )= + –( + )= + –( + )= + –( + )= INSTRUCTIONS—SCHEDULE KJDA-T PURPOSE OF SCHEDULE—This schedule is to be used by any company which has entered into a service and technology agreement for a Kentucky Jobs Development Act (KJDA) project to maintain a record of the approved costs, wage assessment fees, in-lieu-of credits and income tax credits for the duration of the service and technology agreement. This information is necessary for the company to determine the limitation of the tax credit for each year of the service and technology agreement and to allow the Kentucky Department of Revenue to verify that the credit has been properly computed. GENERAL INSTRUCTIONS A single Schedule KJDA-T, Tracking Schedule for a KJDA Project, shall be maintained for the duration of each KJDA project. Beginning with the first taxable year of the KJDA service and technology agreement, complete Columns A through G using a separate line for each year of the service and technology agreement. The company shall attach a copy of this schedule updated with current year information to the Schedule KJDA or Schedule KJDA-SP, which is filed with the Kentucky income tax return for the year. For Forms 720, 720S, 725 and 765, all tax credits are entered on Schedule TCS, a tax credit summary. The total tax credits calculated may exceed the amount that can be used. Credits must be claimed in the order prescribed by KRS 141.0205. Total credits claimed cannot reduce the tax liability below the $175 minimum required tax. SPECIFIC INSTRUCTIONS Column A—Enter on each line the ending date (month and year) of the taxable year for which the information requested in Columns B through G is entered. Column B—For the taxable year that includes the activation date of the service and technology agreement, enter 50 percent of the total start-up costs as verified by the Kentucky Economic Development Finance Authority. For each year thereafter, if the amount entered in Column F for the prior year exceeds the amount entered in Column G for the prior year, enter the difference. If the amount entered in Column G for the prior year equals the amount entered in Column F for the prior year, enter -0-. Column C—Enter 50 percent of rental payments made during the taxable year as set forth in the service and technology agreement. Column D—Enter the total amount of employee wage assessment fees (both the state and local portion) withheld from the salaries of employees during the taxable year. Column E—If the local jurisdiction where the project is located elected to provide in-lieu-of credits as provided by KRS 154.024-150(1) and (2), enter the amount of in-lieu-of credits received during the taxable year. Column F—Enter the result of adding the amounts entered in Columns B and C and subtracting the amounts entered in Columns D and E. Also, enter on Schedule KJDA, Part IV, line 5, or Schedule KJDA-SP, Part I, line 5, whichever is applicable. Column G—Enter the amount of KJDA tax credit claimed for the taxable year. For corporations, this amount will be the amount from Schedule TCS, Part I, Column E. For general partnerships, this amount will be the amount from Schedule KJDA-SP, Part I, line 6(a) or line 6(b).
More about the Kentucky Schedule KJDA-T Corporate Income Tax TY 2020
We last updated the Tracking Schedule for a KJDA Project in June 2021, so this is the latest version of Schedule KJDA-T, fully updated for tax year 2020. You can download or print current or past-year PDFs of Schedule KJDA-T directly from TaxFormFinder. You can print other Kentucky tax forms here.
Related Kentucky Corporate Income Tax Forms:
|Form Code||Form Name|
|Schedule KJDA||Tax Credit Computation Schedule for a KJDA Project of a Corporation|
|Schedule KJDA-SP||Tax Computation Schedule for a KJDA Project of a Pass-Through Entity|
Kentucky usually releases forms for the current tax year between January and April. We last updated Kentucky Schedule KJDA-T from the Department of Revenue in June 2021.
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 Kentucky Schedule KJDA-T
We have a total of six past-year versions of Schedule KJDA-T in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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