Tax Credits
AGRITOURISM LIABILITY INSURANCE CREDIT
INCOME TAXPAYERS – Effective for all taxable years beginning after December 31, 2003.
For taxable years beginning after December 31, 2003, a credit is allowed in an amount equal to 20% of the cost of liability insurance paid by a registered agritourism operator that operates an agritourism activity.
QUALIFICATIONS
An agritourism business must be registered with the Department
of Commerce to be eligible for the credit. For information and
assistance regarding the establishment or operation of an agritourism
activity, contact:
Kansas Department of Commerce
1000 SW Jackson, Suite 100
Topeka, KS 66612-1354
(785) 296-3737
e-mail: agritourism@kansascommerce.com
www.kansascommerce.com
CREDIT AMOUNT
The credit amount is 20% of the cost of liability insurance paid
by a registered agritourism operator during the tax year.
LIMITATION OF CREDIT
If the amount of credit exceeds the taxpayer’s tax liability
for the tax year, the excess credit may be carried forward to the
next succeeding year or years until the total amount of tax credit
has been used, except that no credit may be carried over for deduction
after the third taxable year succeeding the taxable year in which
the credit is earned.
PROCEDURES TO CLAIM THE CREDIT
You may download Schedule K-33 to
claim the agritourism liability insurance credit. This schedule
must be completed and submitted with the income tax return. You
may also call the Department of Revenue voice mail system at
(785) 296-4937 to request Schedule
K-33. You will be asked to
give your name, address, phone number and form(s) you desire.
Please allow two weeks for delivery of your forms.
AGRITOURISM LIABILITY INSURANCE DEFINITIONS
REGISTERED
AGRITOURISM OPERATOR
Any person who is engaged in the business of providing one or more
agritourism activities and is registered with the secretary of
commerce.
AGRITOURISM
ACTIVITY
Any activity which allows members of the general public, for recreational,
entertainment or educational purposes, to view to enjoy rural activities,
including, but not limited to, farming activities, ranching activities
or historic, cultural or natural attractions. An activity may be
an agritourism activity whether or not the participant pays to
participate in the activity. An activity is not an agritourism
activity if the participant is paid to participate in the activity.
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