The Kansas Single City Port Authority Credit, claimed using Schedule K-76, was a tax credit available to eligible taxpayers for amounts attributable to the retirement of indebtedness authorized by a single city port authority established before January 1, 2002.
Eligibility and Availability
- The credit was originally available only to corporations subject to Kansas corporate income tax for tax years beginning after 2012 through tax year 2021.
- For tax years 2022 through 2024, the credit was expanded to include all Kansas income taxpayers, including individuals, partnerships, S corporations, limited liability companies, and other pass-through entities, if they met the applicable requirements.
- The Kansas Single City Port Authority Credit was discontinued after tax year 2024. The credit is not available for tax years beginning in 2025 or later for any taxpayer.
Current Status for Individual Taxpayers
- For the 2025 tax year, Schedule K-76 is not applicable to Kansas individual income tax returns because the credit authorization has expired.
- Individuals and other taxpayers cannot claim the Single City Port Authority Credit for tax years beginning in 2025 or later.
Important Notes
- Schedule K-76 is a historical Kansas tax credit schedule and is no longer available for use for the 2025 tax year or subsequent tax years.
- Taxpayers should not claim the Single City Port Authority Credit on 2025 Kansas income tax returns because the credit is no longer authorized under Kansas law.
- Taxpayers should refer to the official Kansas Department of Revenue forms and instructions for current filing requirements and historical credit information.
Source:
2025 Kansas Schedule K-76 – Single City Port Authority Credit (PDF)
Disclaimer: Always verify tax forms and instructions with the official Kansas Department of Revenue or your local tax authority. The information provided here is based on the retrieved documents and may not reflect all applicable rules or forms.