Form K-59 Kansas High Performance Incentive Program (Hpip) Credits - Kansas

What Is Form K-59?

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.

FAQ

Q: What is Form K-59?A: Form K-59 is a form used for reporting Kansas High Performance Incentive Program (HPIP) credits.

Q: What is the Kansas High Performance Incentive Program (HPIP)?A: The Kansas High Performance Incentive Program (HPIP) is a program that provides incentives for businesses to make capital investments in Kansas.

Q: Who is eligible to claim HPIP credits?A: Businesses that have been certified by the Kansas Department of Commerce and have met the program's eligibility requirements are eligible to claim HPIP credits.

Q: What kind of investments qualify for HPIP credits?A: Capital investments in eligible property, such as machinery, equipment, and buildings, qualify for HPIP credits.

Q: How are HPIP credits calculated?A: HPIP credits are calculated based on a percentage of the qualified capital investment made by the business.

Q: What is the purpose of filing Form K-59?A: Form K-59 is used to report the amount of HPIP credits claimed by a business.

Q: When is Form K-59 due?A: Form K-59 is due on the 15th day of the fourth month following the end of the taxpayer's taxable year.