Notice

Notice Number:14-06
Tax Type:Corporate Income Tax; Individual Income Tax
Brief Description:Disabled Accessibility Credit For Dwellings Reenacted

Disabled Accessibility Credit For Facilities Or Equipment Used
In A Trade Or Businesses Extended to Additional Taxpayers
Keywords:
Approval Date:07/01/2014


Body:
KANSAS DEPARTMENT OF REVENUE
OFFICE OF POLICY & RESEARCH



Notice 14-06

Disabled Accessibility Credit For Dwellings Reenacted

Disabled Accessibility Credit For Facilities Or Equipment Used
In A Trade Or Businesses Extended to Additional Taxpayers

(July 1, 2014)

During the 2014 Legislative Session Senate Bill 265 was passed and signed into law. New Section 5 of the Bill reenacts the disabled accessibility credit of dwellings that was found in K.S.A. 79-32,177 prior to its repeal during the 2012 Legislative Session. The reenacted provisions are effective for tax year 2013 and later years. Specifically, New Section 5 provides:
Senate Bill 265 is effective July 1, 2014. However, because the amendments made by New Section 5 relate to tax year 2013 an amended return can be filed to claim the credit and, if appropriate, a refund. Amended returns will be accepted immediately.

Section 6 of the Bill amends K.S.A. 79-32,177 to extend the disabled accessibility credit for facilities or equipment that is used in a trade of business to additional taxpayers. During the 2012 Legislative Session, K.S.A. 79-32,177 was amended to allow only corporate income tax payers to claim the credit for tax year 2013 and all tax years thereafter. Section 6 has now repealed this limitation and extends the ability to claim the credit to all income tax payers who qualify. The provisions of Section 6 are effective for tax year 2014 and later years.




Taxpayer Assistance

Additional copies of this notice, forms or publications are available from our web site, www.ksrevenue.org. If you have questions about this Notice, please contact:
Taxpayer Assistance Center
Kansas Department of Revenue
915 SW Harrison St., 1st Floor
Topeka, KS 66612-1588
Phone: 785-368-8222
Hearing Impaired TTY: 785-296-6461
Fax: 785-291-3614





Date Composed: 06/05/2014 Date Modified: 06/05/2014