Carbon Dioxide Capture/Sequestration Tax Deduction (Kansas)
Last modified on February 12, 2015.
|Applies to States or Provinces||Kansas|
|Name||Carbon Dioxide Capture/Sequestration Tax Deduction (Kansas)|
|Policy Category||Financial Incentive|
|Policy Type||Corporate Tax Incentive|
|Affected Technologies||Coal with CCS|
|Program Administrator||Kansas Department of Commerce|
Carbon Dioxide Capture/Sequestration Tax Deduction allows a taxpayer a deduction to adjusted gross income with respect to the amortization of the amortizable costs of carbon dioxide capture, sequestration or utilization machinery and equipment based upon a period of 10 years. Such amortization deduction shall be an amount equal to 55% of the amortizable costs of such machinery and equipment for the first taxable year in which such machinery and equipment are in operation and 5% of the amortizable costs of such machinery and equipment for each of the next nine taxable years.
|Contact Name||Kathleen Smith|
|Department||Department of Revenue|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||Kansas Statute 79-32,256|