October 19, 2021
Kansas—Corporate Income Tax: Changes to High-Performance Incentive Program

Kansas issued a notice on changes made during the 2021 legislative session to the High-Performance Incentive Program investment tax credit for corporate income tax purposes. The notice clarified that a new law:

  • Removes participation in the Kansas Industrial Training program or the Kansas Industrial Retraining program as a requirement to qualify for the credit;
  • Allows an entity to transfer up to 50% of its credit to another entity or individual if the project is placed into service on or after January 1, 2021;
  • Clarifies that in the event the Secretary of Revenue determines the credit is not allowable, the taxpayer who originally earned the credit is liable for the disallowed amount; and
  • Specifies that the credit is claimed against the transferee’s income tax, premium tax, or privilege fees liability.

Notice 21-12, Kansas Department of Revenue, July 19, 2021, released August 2021.

For more information, contact an Ashmore Consulting professional.




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