Schedule K-38 Kansas Swine Facility Improvement Credit - Kansas

What Is Schedule K-38?

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-38?A: Schedule K-38 is a form used in the state of Kansas to claim the Swine Facility Improvement Credit.

Q: What is the Swine Facility Improvement Credit?A: The Swine Facility Improvement Credit is a tax credit available in Kansas for qualifying improvements made to swine facilities.

Q: Who is eligible for the Swine Facility Improvement Credit?A: Kansas taxpayers who make qualifying improvements to swine facilities are eligible for the credit.

Q: What types of improvements qualify for the credit?A: Qualifying improvements include the construction, reconstruction, or improvement of swine facilities.

Q: How much is the Swine Facility Improvement Credit?A: The amount of the credit is equal to 10% of the eligible costs incurred for the qualifying improvements, up to a maximum of $25,000 per year.

Q: How do I claim the Swine Facility Improvement Credit?A: To claim the credit, you must complete Schedule K-38 and include it with your Kansas tax return.

Q: Are there any limitations or restrictions on the credit?A: Yes, there are certain limitations and restrictions, such as a limitation on the total amount of credits that can be claimed each year by all taxpayers.