Integrated Coal Gasification Power Plant Credit (Kansas)
Last modified on February 12, 2015.
|Applies to States or Provinces||Kansas|
|Name||Integrated Coal Gasification Power Plant Credit (Kansas)|
|Policy Category||Financial Incentive|
|Policy Type||Corporate Tax Incentive|
|Affected Technologies||Coal with CCS|
|Program Administrator||Kansas Department of Revenue|
Integrated Coal Gasification Power Plant Credit states that an income taxpayer that makes a qualified investment in a new integrated coal gasification power plant or in the expansion of an existing integrated coal gasification power plant shall be allowed a tax credit. The credit is 10% of the taxpayer’s qualified investment on the first $250,000,000 invested, and 5% of the taxpayer’s qualified investment that exceeds $250,000,000. The credit will be taken in ten equal, annual installments, beginning with the year in which the taxpayer places into service the new integrated coal gasification power plant or the expansion of an existing integrated coal gasification power plant. If the amount of the credit exceeds the taxpayer’s tax liability in any one taxable year, the remaining portion of the credit may be carried forward until the total amount of the credit is used, except that no such tax credit shall be carried over for deduction after the 14th taxable year after the taxable year in which the first annual installment is allowed.
|Department||Kansas Department of Revenue|
|Address||Tax Assistance, Docking State Office Building Room 150, 915 SW Harrison St. Topeka, KS 66612|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||Integrated Coal Gasification Power Plant Credit|