K-28: Attracting Powerful Economic Expansion Tax Credit Schedule (Revision 2024-07)
Kansas · Kansas DOR · Used for tax years 2024, 2025, 2026
Kansas Form K-28 calculates the Attracting Powerful Economic Expansion tax credit available for the year, the amount applied against tax liability, and any excess credit to be refunded. It also reports jobs, payroll, income or loss, and sales associated with the qualified investm
Who files this form
Schedule K-28 is used to claim the Attracting Powerful Economic Expansion Tax Credit for a qualified firm or qualified supplier certified by the Kansas Department of Commerce.
- Qualified firms: Must make a qualified business investment of at least $1,000,000,000 in a qualified business facility, as agreed with the Secretary of Commerce, and meet the requirements of K.S.A. 74-50,312.
- Qualified suppliers: Must make a qualified investment and meet the requirements of K.S.A. 74-50,312.
Partners, shareholders and members of pass-through entities use their proportionate share when calculating the credit.
What you'll need
Have the following information ready to complete the schedule:
- Your taxable year, taxpayer name and Social Security number or EIN.
- If you are a partner, shareholder or member, the pass-through entity's name and EIN.
- Your qualified firm or qualified supplier status and the approved credit amount certified by the Kansas Department of Commerce.
- Your proportionate share percentage, if applicable.
- Your Kansas tax liability after all other credits.
- Information for the entity claiming the credit about jobs created and retained, compensation paid, income or loss and sales resulting from the qualified investment, and total Kansas employment and compensation for the tax period.
Common mistakes
- Leaving the top of the schedule incomplete: Enter all requested information and check whether you are a qualified firm or qualified supplier certified by the Kansas Department of Commerce.
- Using information for the wrong entity in Part D: The form emphasizes that this information must be for the entity claiming the tax credit. Providing Part D information is a condition of claiming the credit.
- Entering a negative refund amount: Line 6 cannot be less than zero.
Questions people ask
What percentage do I enter on line 2?
Partners, shareholders and members of pass-through entities enter their proportionate share percentage in the partnership, S corporation, LLC or LLP. All other taxpayers enter 100%.
How much credit can I use against this year's tax?
Multiply the approved credit on line 1 by your percentage on line 2 to calculate line 3. On line 5, enter the smaller of line 3 or your Kansas tax liability after all other credits on line 4. Transfer line 5 to the appropriate line of Form K-40, K-41, K-120 or K-130.
Can excess credit be refunded?
Yes. Subtract line 5 from line 3 to calculate the excess credit on line 6, which cannot be less than zero. Enter that amount on the refundable credit line of your K-40, K-41, K-120 or K-130 return.
Where can I get help?
For questions about qualifying for the program, contact the Kansas Department of Commerce at 785-296-5298 or kansascommerce.gov. For help completing the schedule, contact the Kansas Department of Revenue at 785-368-8222. Additional copies of the schedule are available at ksrevenue.gov.