Schedule K-33 "Agritourism Liability Insurance Credit" - Kansas

What Is Schedule K-33?

This is a legal form that was released by the Kansas Department of Revenue - a government authority operating within Kansas. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on August 1, 2019;
  • The latest edition provided by the Kansas Department of Revenue;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Schedule K-33 by clicking the link below or browse more documents and templates provided by the Kansas Department of Revenue.

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K-33
KANSAS
190218
AGRITOURISM LIABILITY INSURANCE CREDIT
(Rev. 8-19)
For the taxable year beginning,
, 20
; ending
, 20
.
_____________________
_____
__________________________
_______
Name of taxpayer (as shown on return)
Employer ID Number (EIN)
IMPORTANT: Do not send any enclosures with this schedule. A copy of the certificate issued by the Kansas Department of Wildlife, Parks
and Tourism must be kept with your records. The Kansas Department of Revenue reserves the right to request additional information as
necessary.
PART A – COMPUTATION OF CREDIT AVAILABLE FOR THIS YEAR’S EXPENDITURES (C Corporations only)
1. Cost of liability insurance paid during this taxable year (C Corporations only).
1.
____________________________
Insurance Agent’s Name
Phone Number
________________________________________________________________________
________________________________
Insurance Company Name
Policy Number
_____________________________________________________________________
________________________________
I hereby certify that the amount of liability insurance entered on line 1 above is the total amount paid during this tax year for the
property that is actually utilized in the Taxpayer’s Registered Agritourism Operation and meets the eligibility requirement for
claiming this credit as set out in Kansas Administration Regulation 115-40-1 et seq.
Signature of Agent
Date
____________________________________________________________________________________
__________________________________
20%
2. Credit percentage allowed.
2.
____________________________
3. Credit for this year’s liability insurance (multiply line 1 by line 2).
3.
____________________________
4. Enter the amount of available carry forward from the prior year’s Schedule K-33.
4.
____________________________
5. Total credit available for this tax year (add line 3 and line 4).
5.
____________________________
$2,000
6. Maximum credit allowable per tax year.
6.
____________________________
7. Credit for this tax year (enter the lesser of line 5 or line 6).
7.
____________________________
PART B – COMPUTATION OF THIS YEAR’S CREDIT (C Corporations only)
8. Total Kansas tax liability for this year after all credits other than this credit.
8.
____________________________
9. Agritourism liability insurance credit for this year (enter the lesser of line 7 or line 8 here and in
Part I of Form K-120).
9.
____________________________
If line 8 is less than line 7, complete Part C.
PART C – COMPUTATION OF EXCESS CREDIT CARRY FORWARD
10. Subtract line 9 from line 7 and enter the result. This is the amount of carry forward available to
enter on next year’s Schedule K-33.
10.
____________________________
K-33
KANSAS
190218
AGRITOURISM LIABILITY INSURANCE CREDIT
(Rev. 8-19)
For the taxable year beginning,
, 20
; ending
, 20
.
_____________________
_____
__________________________
_______
Name of taxpayer (as shown on return)
Employer ID Number (EIN)
IMPORTANT: Do not send any enclosures with this schedule. A copy of the certificate issued by the Kansas Department of Wildlife, Parks
and Tourism must be kept with your records. The Kansas Department of Revenue reserves the right to request additional information as
necessary.
PART A – COMPUTATION OF CREDIT AVAILABLE FOR THIS YEAR’S EXPENDITURES (C Corporations only)
1. Cost of liability insurance paid during this taxable year (C Corporations only).
1.
____________________________
Insurance Agent’s Name
Phone Number
________________________________________________________________________
________________________________
Insurance Company Name
Policy Number
_____________________________________________________________________
________________________________
I hereby certify that the amount of liability insurance entered on line 1 above is the total amount paid during this tax year for the
property that is actually utilized in the Taxpayer’s Registered Agritourism Operation and meets the eligibility requirement for
claiming this credit as set out in Kansas Administration Regulation 115-40-1 et seq.
Signature of Agent
Date
____________________________________________________________________________________
__________________________________
20%
2. Credit percentage allowed.
2.
____________________________
3. Credit for this year’s liability insurance (multiply line 1 by line 2).
3.
____________________________
4. Enter the amount of available carry forward from the prior year’s Schedule K-33.
4.
____________________________
5. Total credit available for this tax year (add line 3 and line 4).
5.
____________________________
$2,000
6. Maximum credit allowable per tax year.
6.
____________________________
7. Credit for this tax year (enter the lesser of line 5 or line 6).
7.
____________________________
PART B – COMPUTATION OF THIS YEAR’S CREDIT (C Corporations only)
8. Total Kansas tax liability for this year after all credits other than this credit.
8.
____________________________
9. Agritourism liability insurance credit for this year (enter the lesser of line 7 or line 8 here and in
Part I of Form K-120).
9.
____________________________
If line 8 is less than line 7, complete Part C.
PART C – COMPUTATION OF EXCESS CREDIT CARRY FORWARD
10. Subtract line 9 from line 7 and enter the result. This is the amount of carry forward available to
enter on next year’s Schedule K-33.
10.
____________________________
INSTRUCTIONS FOR SCHEDULE K-33
GENERAL INFORMATION
LINE 3 – Multiply line 1 by line 2, and enter the result. This is the
credit available for this year’s expenditures.
K.S.A. 32-1438 and 32-1438a provides for an income tax credit
LINE 4 – Enter the amount of any credit carry forward from a prior
equal to 20% of the cost of liability insurance paid by a registered
year’s Schedule K-33. (There will not be an entry on this line in
agritourism operator who operates an agritourism activity. The
the first year.)
maximum credit allowed is $2,000 per tax year. An agritourism
business must register with the Kansas Department of Wildlife,
LINE 5 – Add line 3 and line 4. This is the total credit available for
Parks and Tourism and receive a certificate of eligibility to claim
this tax year.
this income tax credit.
LINE 6 – The maximum credit allowable for any tax year is $2,000.
Registered agritourism businesses who begin operating on or
LINE 7 – Enter the lesser of line 5 or line 6. This is the credit for
after July 1, 2004 may claim this credit for the first five taxable
this tax year.
years the agritourism business is open.
If the credit exceeds the taxpayer’s income tax liability for the
PART B – COMPUTATION OF THIS YEAR’S CREDIT
tax year, the excess credit may be carried forward to the next
succeeding year or years until the total amount of tax credit has
LINE 8 – Enter your Kansas tax liability for this tax year after all
been used, except that no credit may be carried over for deduction
credits other than this credit.
after the third taxable year succeeding the taxable year in which
LINE 9 – Enter the lesser of line 7 or line 8. Enter amount here and
the credit is earned.
in Part I of Form K-120.
For tax year 2013, and all tax years thereafter, new credits shall
If line 8 is LESS than line 7, complete Part C.
be available to only corporations that are subject to the Kansas
corporate income tax (i.e., C Corporations). New credits are not
PART C – COMPUTATION OF EXCESS CREDIT CARRY FORWARD
available to individuals, partnerships, S corporations, limited
liability companies, and other pass-through entities.
LINE 10 – Subtract line 9 from line 7. Do not enter an amount less
Carry Forward of Unused Credits: If this credit was earned prior
than zero. This is the carry forward credit available to enter on
to tax year 2013 and a carry forward credit remains available
next year’s Schedule K-33.
to a taxpayer, that taxpayer may continue to claim that credit.
IMPORTANT: Do not send enclosures with this credit
However, that carry forward credit shall be subject to limitations
and requirements in place at the time the credit was earned.
schedule. Keep a copy of the certificate issued by Kansas
Department of Wildlife, Parks and Tourism with your
SPECIFIC LINE INSTRUCTIONS
records. The Kansas Department of Revenue reserves the right to
request additional information as necessary to verify your tax
IMPORTANT:
An
agritourism
business
must
be
credit.
registered with the Kansas Department of Wildlife, Parks
TAXPAYER ASSISTANCE
and Tourism to be eligible for this tax credit.
Complete all information at the top of the schedule.
For information and assistance regarding the establishment or
operation of an agritourism activity contact:
PART A – COMPUTATION OF CREDIT AVAILABLE FOR
Kansas Department of Wildlife, Parks and Tourism
THIS YEAR’S EXPENDITURES
1020 S Kansas Avenue
LINE 1 (C Corporations only) – Enter total amount paid for liability
Topeka, KS 66612
insurance during this tax year as a direct expense of operating
Phone: 785-296-1847
an agritourism operation registered with Kansas Department of
Website: kdwpt.state.ks.us
Wildlife, Parks and Tourism. Your insurance agent must certify
that the liability insurance meets the eligibility criteria for claiming
For assistance in completing this schedule contact the Kansas
this credit as set out in Kansas Administrative Regulation 115-
Department of Revenue:
40-1 et seq., specifically that the amount entered on line 1:
Taxpayer Assistance Center
1) was paid during this tax year;
Scott Office Building
2) is limited to only the parcel(s) of real property employed
120 SE 10th Ave.
in the agritourism operation; and,
PO Box 750260
Topeka, KS 66699-0260
3) is the cost of specific liability insurance for the agritourism
operation that is in addition to existing liability insurance
Phone: 785-368-8222
coverage.
Fax: 785-291-3614
LINE 2 – The credit amount is 20% of the cost of liability insurance
Additional copies of this credit schedule and other tax forms are
paid by a registered agritourism operator during the tax year.
available from our website at: ksrevenue.org
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