Income Tax Credit

New Income Tax Credit 

There is a new Income Tax Credit available to business machinery and equipment owners. The Kansas Tax Reduction and Reform Act of 1998 created an income tax credit for owners of machinery and equipment used in a business-related activity. If you paid this year's personal income tax on business machinery and equipment in a timely manner, you may claim this new credit on your Kansas income tax, privilege tax, or insurance company premiums tax return.

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