Business Investment and Jobs Tax Credits. The credits can be used for up to 50 percent of the Kansas Income Tax in the year claimed. The credits can be dalyed up to three years but continue once started and credits can not be carried forward. Enterprise Zone Program. The Kansas Enterprise Zone program provides income tax credits based on the number of new jobs created and the amount of new capital investment.
Eligibility is determined by the type of business being conducted.
Credits can be used to reduce up to the full annual tax liability. Unused credits can be carried forward until all credits are used. The credits are claimed on form K-34. A qualifiing business is also eligible for a sales tax exemption on the entire cost of new improvements to real estate and equipment for business use. In many cases the sales tax exemption will be a greater amount than the income tax credits.