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Kansas
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Details:
• HISTORICAL PRESERVATION CREDIT: For tax years 2009
and 2010, the total amount of credits allowed is $3,750,000.
•
FILM PRODUCTION CREDIT: This tax credit is not available
for tax years 2009 and 2010.
•
STATUTE OF LIMITATIONS EXPANDED: Effective May 28,
2009, taxpayers have three (3) years from the date the original return
was due, including extensions allowed, to file a refund claim or amend
a return. Furthermore, the statute of limitations is tolled if an
amended return is not filed within 180 days of an IRS adjustment.
•
LONG-TERM CARE INSURANCE CONTRACTS: The
maximum amount of subtraction modification for long-term care
insurance contracts has increased to $900 per contract, per taxpayer.
For more information see Schedule S instructions for Line A14.
•
FOOD SALES TAX ALLOWANCES: Qualifying income and
refund amounts for the food sales tax have increased and are as
follows. Additional qualifications for this refund are on page 11.
If your qualifying income is: Your food sales refund is:
$ 0 — $15,950 $84 per exemption
$15,951 — $31,900 $41 per exemption.
•
INTEREST RATE CHANGE: For calendar year 2010, interest
will be assessed at 5% per annum (.417% per month or fraction
thereof). Penalty for late payment of income tax remains at 1%
per month or fraction thereof, capped at 24%.
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Government Link:
http://www.ksrevenue.org/pdf/forms/iiwhatsnew.pdf
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