High Performance Incentive Program – Capital Investment Project Description form (HPIP6k)
As a critical first step in order to take advantage of HPIP tax credits, the firm must submit a Capital Investment Project Description Form HPIP6k to Commerce, estimating the scope of anticipated investment. Statute requires submission of the project description form before the company commits to move forward with the investment (e.g., by making a purchase, or signing a commitment document such as an equipment purchase order or lease agreement or construction contract, or moving assets into Kansas that are already owned by the company at an out-of-state location.
http://kdoch.state.ks.us/KDOCHdocs/BD/HPIP6k-1.doc
Sales Tax Exemption (Request for Project Exemption Certificate Form (PR-70b)
Eligible purchases include the purchase and installation of machinery and equipment, as well as materials used in the construction, reconstruction, enlarging, or remodeling of a qualified business facility. The exemption includes any quality control or pollution control equipment installed as a part of the aforementioned activities. Any person engaged in the building, remodeling, or enlargement of a facility that will be leased to a business for at least five years may receive the exemption as well. A business must file a Request for Project Exemption Certificate (Form PR-70b) with the Department of Revenue before starting the project.
http://www.ksrevenue.org/pdf/forms/pr70b.pdf
Kansas Economic Opportunity Initiatives Fund (KEOIF)
Funds can be considered when a project includes significant local participation and support. The feasibility of the project is based on the local and statewide impact of the project. Projects are generally structured as five-to-10-year loans, which may be forgiven, based on job creation and payroll commitments. Possible uses of KEOIF funds include site and facility construction, improvements, equipment purchases and other project-related costs associated with the establishment or expansion of a Kansas facility. Requests for these funds must be made through a Project Manager with the Kansas Department of Commerce.
http://kdoch.state.ks.us/KDOCHdocs/BD/KEOIF_Application.pdf
Schedules for Claiming the Kansas Business and Job Development Credit (K-34)
Kansas offers income tax credits for job creation and capital investment to qualified companies. When a qualified company creates the new jobs and capital investment and those have been placed into service, the company can file for relevant job and investment tax credits on a K-34 tax form. This tax document is submitted with their regular tax filing for that tax year. This form is used for companies filing under the Enterprise Zone Program or Job Expansion and Investment Tax Credit Act.
http://www.ksrevenue.org/pdf/forms/k-34.pdf
High Performance Incentive Program Tax Credit (K-59)
High Performance provides an investment tax credit to companies that pay above average wages and have a strong commitment to skills development for their workers. A substantial investment tax credit for new capital investment in Kansas is the primary benefit. When a company qualifies and becomes certified under the High Performance Incentive Program and that capital investment has been placed into service, the company can file for the corresponding investment tax credits on a K-59 tax form. This tax document is submitted with their regular tax filing for that tax year.
http://www.ksrevenue.org/pdf/forms/k-59.pdf
Kansas Business Machinery and Equipment Credit (K-64)
Kansas offers an annual tax credit against Kansas income tax equal to 25 percent of the personal property tax paid on commercial and industrial machinery and equipment that was in Kansas prior to June 30, 2006. The amount of the credit that exceeds the tax liability will be refunded for companies paying income tax.
http://www.ksrevenue.org/pdf/forms/k-64.pdf
Kansas Partnership Fund
The Partnership Fund provides low-interest state funds to cities and counties for infrastructure improvements to support Kansas basic enterprises. This would be a loan to the city or county. The interest rate is tied to the federal funds rate. The term is five to ten years for repayment. The city or county would need to determine a repayment source prior to receipt of the Partnership Funds. Requests for these funds must be made through a Project Manager with the Kansas Department of Commerce.
http://kdoch.state.ks.us/KDOCHdocs/bd/2003_KPF_Guide.doc
Kansas Sales Tax Exemption Booklet
Kansas offers a variety of other sales tax exemptions via state law. This booklet contains the forms to file for those exemptions. Those include: electricity, gas and water consumed in manufacturing; manufacturing machinery and equipment; labor and services used in original construction; tangible personal property that becomes an ingredient or component part of tangible personal property; tangible personal property that is immediately consumed in the actual production process; and incoming and outgoing interstate-wide area telephone or transmission services (WATTS). Sales tax exemption certificates must be obtained from the Kansas Department of Revenue prior to any purchases.
http://www.ksrevenue.org/pdf/forms/pub1520.pdf