Schedule K-73 Kansas Petroleum Refinery Credit - Kansas

What Is Schedule K-73?

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-73?
A: Schedule K-73 is a tax form used in the state of Kansas.

Q: What is the Kansas Petroleum Refinery Credit?
A: The Kansas Petroleum Refinery Credit is a tax credit available to eligible petroleum refineries in Kansas.

Q: Who is eligible for the Kansas Petroleum Refinery Credit?
A: Petroleum refineries located in Kansas may be eligible for the credit.

Q: What is the purpose of the Kansas Petroleum Refinery Credit?
A: The purpose of the Kansas Petroleum Refinery Credit is to incentivize investment and job creation in the petroleum refining industry in Kansas.

Q: How is the amount of the credit determined?
A: The amount of the credit is determined based on the eligible capital investment and the number of new full-time jobs created by the refinery.

Q: How can a petroleum refinery in Kansas claim the credit?
A: A petroleum refinery in Kansas can claim the credit by filing Schedule K-73 with their Kansas tax return.

Q: Are there any limitations or restrictions on the credit?
A: Yes, there are certain limitations and restrictions on the Kansas Petroleum Refinery Credit. Refineries must meet specific criteria to be eligible, and there is a cap on the total amount of credits available each year.