Schedule K-86 Kansas Film Production Credit - Kansas

What Is Schedule K-86?

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 Schedule K-86?A: Schedule K-86 is a tax form specific to the state of Kansas.

Q: What is the Kansas Film Production Credit?A: The Kansas Film Production Credit is a tax credit offered by the state of Kansas to promote film production in the state.

Q: What is the purpose of Schedule K-86?A: Schedule K-86 is used to calculate and claim the Kansas Film Production Credit.

Q: Who is eligible for the Kansas Film Production Credit?A: Film production companies that meet certain criteria are eligible to claim the Kansas Film Production Credit.

Q: How much is the Kansas Film Production Credit?A: The amount of the credit varies based on the expenses incurred by the film production company.

Q: What expenses qualify for the Kansas Film Production Credit?A: Expenses such as wages paid to Kansas residents, certain production costs, and contributions to a local film commission may qualify for the credit.

Q: How can a film production company claim the Kansas Film Production Credit?A: The company must complete Schedule K-86 and include it with their Kansas tax return.

Q: Are there any restrictions or limitations on the Kansas Film Production Credit?A: Yes, there are limitations on the credit, including a cap on the total amount of credits that can be awarded each year.