Carbon Dioxide Capture/Sequestration Tax Deduction (Kansas)

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Last modified on February 12, 2015.

EZFeed Policy

Place Kansas


   
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
Active Policy Yes

Implementing Sector State/Province



























Program Administrator Kansas Department of Commerce
Primary Website http://ks-kdoc.civicplus.com/index.aspx?NID=276



Last Review 2014-09-15



Summary

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.



Policy Contact

Contact Name Kathleen Smith
Department Department of Revenue





Phone 785-296-3070


Email kathleen_smith@kdor.state.ks.us
Website http://ks-kdoc.civicplus.com/index.aspx?NID=276
     
     

Authorities (Please contact the if there are any file problems.)

Authority 1: Kansas Statute 79-32,256
Date Effective 2007



















References