Kansas R&D Tax Credit Summary
R&D Tax Credit Available
Credit Against Tax for Certain Research and Development Activity Expenditures
DOES IT APPLY TO C-CORPS & PASS THROUGHS?
C Corps only
Nonrefundable credit with similar definition to federal for Qualified Research Expenses and Qualified Research Activities, except only include Kansas-based expenses.
6.5% on incremental expenses over base amount. Base amount is equal to average of current plus two prior years.