State Credit Name: Kansas Research and Development Credit

Expiration Date: Indefinite

Who Can Apply? C-Corporations only

Credit Carry Forward: Unused credit may be carried forward in 25% increments until the total amount of credit is used. 

About the Credit: The credit is 6.5% of the  of the difference between the QRE’s for the year and the average of the actual expenditures made during the year and the two tax years prior. The Kansas R&D credit uses the same definition of QRE’s as the federal R&D credit.

Notes: The credit used in any one year is limited to 25% of the credit plus any carry forward. To claim the Kansas R&D credit, a Schedule K-53 must be completed and submitted with the income tax return.

Click here to find out if you qualify for the federal research credit.

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Contact your local Swanson Reed office to speak with a representative in your area today. 

 

T: (913) 232-2276
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