INSTRUCTIONS FOR 2021 LOCAL INTANGIBLES TAX RETURN
GENERAL INFORMATION
Theintangiblestaxisalocaltaxleviedongrossearningsreceivedfrom
intangible property such as savings accounts, stocks, bonds, accounts
receivable,andmortgages.Itisnottobeconfusedwiththestateincometax
whichisusedtosupportstategovernment.
WHO MUST FILE INTANGIBLES TAX. All Kansas residents and
corporationsowningtaxablepropertyandeverynonresidentowningaccounts
receivableorotherintangiblepropertywithaKansasbusinesssitus,receiving
earningsfromthispropertyduringthecalendaryearorscalyearendingin
2020,mustleaForm200.If you live in an area that has no intangibles
tax, or your tax due is less than $5, you do not have to le a Form 200.
Individualsorcorporationshavingintangibleearningsshallbedeemedto
havereceivedtheseearningsattheindividual’sdwellingorthecorporation’s
principalbusinessoce,withintheStateofKansas.
Theearningsarethen
subject to intangibles tax if the individual’s dwelling or the corporation’s
principaloceiswithinajurisdictionwhichhasimposedthelocalintangibles
tax. Parents of minors owning intangible property, conservators, trustees,
beneciariesoftrusts,executors,administrators,receivers,andcertainagents
arerequiredtoleaForm200.Seniorcitizensordisabledpersonsarealso
requiredtoleaForm200,butmaybeentitledtoaspecialseniorcitizenor
disabilityexemption,explainedinPartII.
EXEMPT INTANGIBLES INCOME. Intangibles tax does not apply to:
interest on notes secured by Kansas real estate mortgages on which a
registrationfeehasbeenpaid;earningsonindividualretirementandKeogh
accountsandotherqualiedretirementplans;bondsandotherevidencesof
indebtednessissuedbythefederalgovernment,theStateofKansasorany
ofitsmunicipalortaxingsubdivisions, certaindistributions ofsubchapter S
corporations;certainreimbursementsofinterestpaidonnotes,theproceedsof
whichwerethesourceoffundsforanothernote;anddividendsfromstockofa
bank,savingsandloanassociationorregulatedinvestmentcompanylocated
in Kansas or from doing business in Kansas. National bank associations,
statebanks,federalandstatecharteredsavingsandloanassociations,trust
companies, credit unions, and certain non-prot corporations operating or
providinghospitals,psychiatrichospitals,adultcarehomes,privatechildren’s
homesandhousingfortheelderlyareexemptfromintangiblestax.
WHEN AND WHERE TO FILE.Ifyouhaveintangiblesincome,youmust
leaForm200withyourlocalCountyClerk’soce(addressesfollowthetax
rates)onorbeforeApril15,2021(therearenoprovisionsforextensions of
timetoleForm200).Do not enclose Form 200 with your Kansas Income
Tax Return (K-40) or mail your payment to the Department of Revenue.
Thecountyclerkwillcomputeyourtaxandyouwillbebilledbyyourlocal
countytreasurerinNovember2021.Ifyourreturnisdelinquent,interestand/
or penalty may be assessed by thecounty treasurer’s oce. This will be
includedinyourtaxbillingwhenyoureceiveit.Ifyourtaxislessthan$5,you
willnotbebilled.
AMENDED RETURNS.TocorrectanerroronaForm200thathasalready
beenled,completeanotherForm200withthecorrectinformationandwrite
“AMENDED”acrossthetop.Attachaletterexplainingthecorrection.
ASSISTANCE.IfyouneedassistanceincompletingyourIntangiblesTax
Return,Form200,contactyourlocalCountyClerk’soce.
SPECIFIC LINE INSTRUCTIONS
Print or type your name, address and Social Security number(s) or
federalidenticationnumber.Ifyouraccountingrecordsaremaintained by
scalyear,indicatetheyearinthespaceprovidedaboveyourname.
LINE 1:Marktheappropriatebox.IfYES,enterthecityortownwhere
yourresidenceislocated.IfNO,enterthetownshipwhereyourresidenceis
located.Do notenterbothacityandatownshipname.
LINE 2:Enterthenameofthecountyinwhichyourresidenceislocated.
LINE 3:EntertheintangiblesincomecomputedinPartI,line11;or,ifyou
qualifyforthespecialseniorcitizenordisabilityexemption,entertheamount
fromPartII,line17.
PART I - INTANGIBLES EARNINGS
There are no exemptions or deductions allowable to reduce total
gross earnings as reported on this return.
LINE 4:Enterinterestorotherincomereceivedorcreditedtoyouraccount
frombanksavingsaccounts,bankcheckingaccounts,certicatesofdeposits,
andothertimedeposits,regardlessofthebank’slocationorwhenthesecurity
wasowned.Also,enteranyinterestordividendsreceivedorcreditedtoyour
account by savings and loan associations and credit union regardless of
location.Enter
allinterestreceivedor creditedtoyouraccountfromfundsleft
ondepositwithinsurancecompanies.Anyinterestreceivedfromthefederal
governmentisnon-taxableandshouldnotbereportedonline4.
Ifyou incurred a penalty for early withdrawal of funds, report only the
amount of interest actually received from each account. If the penalty
incurredisgreaterthantheamountofinterest,theexcesspenaltycannotbe
usedtoreduceincomefromothersources.
LINE 5: Enter all dividends or other income received or credited to
youraccountfromcorporationstocks,regardlessofwherethecorporation
is located. Do not report dividends from insurance policies or patronage
dividendsforco-opsbasedonbusinessdonewiththeco-ops.Alsoenterall
investmentincome receivedfrommutualfundsandtrustcompanies.Donot
reportcapitalgains.
LINE 6:Enterallinterest, discount interest, or other earnings received
fromnotesreceivable,unlessthenotesaresecuredbyaKansasmortgage
on which a mortgage registration fee has been paid. Do not report the
principalfromnotesorloans.
LINE 7:Enterallinterestorotherincomereceivedfromnotesoraccounts
whicharesecuredbyconditionalsalescontractsorchattelmortgages.
LINE 8: Enter interest or discount income received from bonds and
debentures.Incomefrombondsissuedbystatesortheirpoliticalsubdivisions
otherthanKansasaresubjecttotax.
LINE 9: Enter all interest, carrying charges, or other earnings from
accounts receivable received during the tax year, regardless ofwhen the
accountwasopenedorclosed.Nonresidentsmustreportallincomewhich
hasaKansasbusinesssitus.
LINE 10: Enter all other income from intangible property which is not
includedonlines4through9.Thisincludestaxableintangibleincomefrom
trusts, estates, brokerage accounts, etc.
LINE 11:Addlines4through10andentertheresultonline11.Ifyoudo
notqualifyforthespecial senior citizen or disability exemption (seePartII),
thenentertheamountfromline11online3.
PART II - SPECIAL SENIOR CITIZEN OR DISABILITY EXEMPTION
WHO MAY QUALIFY.Tobeeligibleforthespecialintangiblesincome
exemptionfoundatK.S.A.12-1,109(c)(1),youmustbe60yearsofageor
olderonorbeforeJanuary1,2021;orhavebeendisabledorblindduring
allof 2020, regardless ofage;AND have ahouseholdincome of $20,000
or less. If your total household income for 2020 is between $15,000 and
$20,000,the$5,000intangiblesincomeexemptionisreducedbytheamount
yourtotalincomeexceeds$15,000. Ifmarried,onlyonespousecanclaim
thespecialintangiblesincomeexemption.Thisspecialexemptioncannotbe
claimedforadecedentwhodiedpriortoJanuary1,2021.
LINE 12:Enterthemonth,day,andyearofyourbirth.
LINE 13:Toclaimthespecialexemptionforadisabilityorblindness,you
musthavebeendisabledorblindduringtheentireyearof2020.Ifyouare
lingasadisabledperson,attachacopyofyourSocialSecuritycertication
ofdisabilitylettershowingproofyoureceivedSocialSecuritybenetsduring
theentireyear of 2020 based upon your disability.Ifyouare not covered
bySocial Security,you must furnish medical proof that yourdisabilityhas
qualiedyouasadisabledpersonundertheprovisionsoftheSocialSecurity
Act.Ifyouareblind,submitavisualacuitystatementfromyourdoctor.
LINE 14:AddthetotalincomereceivedfromALLsourcesduring2020by
you,oryouandyourspouse.Includewages,SocialSecurity(exceptSocial
Security Disability payments), railroad retirement, and any other pension
income; interest, dividends, salaries, commissions, fees, bonuses, tips
andanygainfromthesaleofproperty.Include alsoyourshare ofincome
receivedfrompartnerships,estates,trustsandroyalties,netrentalincome,
andbusiness orfarmincome. Netoperatinglosses andnetcapital losses
maynotbeusedtoreducetotalincome.Ifthistotalisgreaterthan$20,000,
stophereandentertheamountfromline11ofPartIonline3.
LINE 15:EnterthetotalintangiblesincomefromPartI,line11.
LINE 16:Ifyourtotalhouseholdincomeonline14is$15,000orless,enter
$5,000online16.Ifline14isgreaterthan$15,000butlessthan$20,000,
subtracttheamountover$15,000from$5,000,andentertheresultonline16.
Example:Ifline14is$18,000,enter$2,000online16.
LINE 17:Subtractline16fromline15andentertheresultonline17and
online3.Thisisyourtaxableintangiblesincome.