Form K-38 - Kansas Swine Facility Improvement Credit
The Kansas Swine Facility Improvement Credit, claimed using Form K-38, was a tax credit equal to 50% of qualified costs incurred for required improvements to a qualified swine facility. This credit was authorized under K.S.A. ยง 79-32,204.
Eligibility
- The credit was originally available only to C corporations subject to Kansas corporate income tax that incurred qualified costs for eligible improvements to a qualified swine facility.
- Individuals were not eligible to claim this credit for tax years beginning after 2012.
- The Kansas Swine Facility Improvement Credit is no longer available for generating new credits for tax years beginning after December 31, 2016. Any unused credit amounts from prior qualifying years may be carried forward only as permitted under the Form K-38 instructions and applicable Kansas law.
Applicability to Individual Tax Returns
- Form K-38 does not apply to Kansas individual income tax returns. Individuals were not eligible to claim this credit for tax years beginning after 2012.
- For the 2025 tax year, taxpayers cannot claim a new Swine Facility Improvement Credit because the credit is no longer available for new qualifying costs. Any remaining carryforward amounts from previously generated credits should be reviewed under the applicable Form K-38 carryforward rules.
Important Notes
- Form K-38 applies primarily to historical claims related to the Kansas Swine Facility Improvement Credit.
- Taxpayers cannot claim a new Swine Facility Improvement Credit for the 2025 tax year. However, eligible taxpayers with previously generated credit carryforwards should refer to the Form K-38 instructions and Kansas Department of Revenue guidance to determine whether the remaining credit may be used.
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Disclaimer: Always verify tax forms, instructions, and eligibility criteria with the official Kansas Department of Revenue or the Internal Revenue Service. This response is based on the provided context and may not reflect current or complete information.