Questions and Answers

Identifying Information:Capital Improvement
Tax Type:Corporate Income Tax; Individual Income Tax
Brief Description:Capital Improvement
Approval Date:03/01/1999


Question: What is the definition of capital improvement for purposes of the swine facility improvement credit?

Answer: K.S.A. 79-32,204(a)(2) defines “required improvements to a qualified swine facility” as:
Capital Improvement - An outlay of funds to acquire or to extend the life or increase the productivity of, a real or tangible asset (e.g. plant, machinery, land, buildings, fixtures), which is used in operating a business, and is capitalized and will not be consumed or converted into cash.

Date Composed: 03/02/1999 Date Modified: 10/11/2001