State R&D Tax Credits


Credit Name: Schedule K-23: Kansas Research and Development Credit

Expiration Date: None; applies to all years after 1987

Does it apply to C corps and pass-through entities?: Only applies to C corps as of 2013

Credit Carry forward: The credit allowed in any one tax year is limited to 25 percent of the credit plus any carry forward. Any remaining unused credit may be carried forward in 25 percent increments until the total amount of credit is used.

Description: The credit is 6.5 percent of the difference between the actual qualified research and development expenses for the year and the average of the actual expenditures made during the year and the two previous tax years.

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