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Instructions for Worksheet K-84 Technical and Community College Deferred Maintenance Credit - Kansas
This document contains official instructions for Worksheet K-84 , Technical and Community College Deferred Maintenance Credit - a form released and collected by the Kansas Department of Revenue.
FAQ
Q: What is Worksheet K-84?A: Worksheet K-84 is a document that provides instructions for claiming the Technical and Community College Deferred Maintenance Credit in Kansas.
Q: What is the purpose of the Deferred Maintenance Credit?A: The Deferred Maintenance Credit is meant to provide financial assistance to technical and community colleges in Kansas for the purpose of addressing deferred maintenance needs.
Q: Who is eligible to claim the Deferred Maintenance Credit?A: Technical and community colleges in Kansas are eligible to claim the Deferred Maintenance Credit.
Q: How can colleges claim the Deferred Maintenance Credit?A: Colleges can claim the Deferred Maintenance Credit by completing Worksheet K-84 and submitting it along with their income tax return.
Q: Are there any specific requirements for claiming the Deferred Maintenance Credit?A: Yes, colleges must have incurred qualified deferred maintenance expenses and have received approval from the Kansas Board of Regents in order to claim the credit.
Q: What expenses are considered qualified deferred maintenance expenses?A: Qualified deferred maintenance expenses include costs for the repair, renovation, or replacement of buildings, utilities, or infrastructure.
Q: Is there a limit on the amount of credit that can be claimed?A: Yes, the maximum credit that can be claimed is $1 million per tax year.
Q: Are there any deadlines for claiming the Deferred Maintenance Credit?A: Yes, Worksheet K-84 must be filed with the college's income tax return by the original due date of the return.
Q: Are there any additional documents or forms required to claim the Deferred Maintenance Credit?A: No, Worksheet K-84 is the primary document required to claim the Deferred Maintenance Credit.
Instruction Details:
- This 1-page document is available for download in PDF;
- Actual and applicable for the current year;
- Complete, printable, and free.
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