Integrated Coal Gasification Power Plant Credit (Kansas)

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Last modified on February 12, 2015.

EZFeed Policy

Place Kansas


   
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
Active Policy Yes

Implementing Sector State/Province



























Program Administrator Kansas Department of Revenue
Primary Website http://www.ksrevenue.org/taxcredits-powerplant.html



Last Review 2014-09-15



Summary

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.



Policy Contact

Department Kansas Department of Revenue
Division Taxation
Address Tax Assistance, Docking State Office Building Room 150, 915 SW Harrison St. Topeka, KS 66612



Phone 785-368-82222

Fax 785-296-6461
Email tac@kdor.gov
Website http://www.ksrevenue.org/taxcredits-powerplant.html
     
     

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

Authority 1: Integrated Coal Gasification Power Plant Credit
Date Effective 2005



















References