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Kentucky Chapter 141 — Income Taxes

192 sections hosted, reproduced from the official public-domain source.

  • KRS 141.010— Definitions for chapter for taxable years beginning on or after January 1, 2018
  • KRS 141.011— Casualty losses -- Net operating losses
  • KRS 141.012— Repealed, 2006
  • KRS 141.013— Repealed, 1974
  • KRS 141.014— Disposition of receipts under chapter
  • KRS 141.015— Repealed, 1954
  • KRS 141.016— Reporting federal adjusted gross income attributed to husband and wife -- Allocation of income and business deductions between husband and wife
  • KRS 141.017— Deductions allowed by this chapter limited to amounts directly or indirectly subject to taxation under this chapter -- No item to be deducted more than once
  • KRS 141.018— Department's authority to interpret and carry out provisions of certain income tax changes made by the 2005 Regular Session and 2006 First Extraordinary Session of the General Assembly -- Authority to promulgate administrative regulations to explain or implement changes
  • KRS 141.019— Calculation of adjusted gross income and net income for taxpayers other than corporations
  • KRS 141.020— Levy of income tax on individuals -- Rate of normal tax -- Reduction -- Tax credits -- Income of nonresidents subject to tax -- Election to pay tax imposed by KRS 141.023
  • KRS 141.021— Federal and local government annuities excluded from gross income -- Taxability after December 31, 1997
  • KRS 141.022— Repealed, 1962
  • KRS 141.023— Optional tax tables
  • KRS 141.025— Repealed, 1976
  • KRS 141.030— Levy of income tax on estates, trusts and fiduciaries -- Liability of fiduciaries
  • KRS 141.039— Calculation of gross income and net income for corporations
  • KRS 141.040— Corporation income tax -- Exemptions -- Rate
  • KRS 141.041— Tax credit for corporations for installing, modifying or utilizing coal for manufacturing or heating
  • KRS 141.042— Repealed, 2019
  • KRS 141.044— Payment of estimated tax by corporations and pass-through entities -- Refund of taxes -- Administrative regulations
  • KRS 141.046— Repealed, 1970
  • KRS 141.050— Federal interpretations applicable, when -- Taxpayer record -- Subpoenas -- Forms -- Regulations
  • KRS 141.055— Repealed, 1954
  • KRS 141.060— Repealed, 1956
  • KRS 141.062— Premiums paid for health insurance to be treated as income tax credit
  • KRS 141.063— Skills training investment credits allowed by KRS 154.12-204 to 154.12-208 -- Application to income tax obligations -- Annual report
  • KRS 141.065— Credit allowed for hiring person classified as unemployed
  • KRS 141.066— Definitions -- Nonrefundable low income, family size, and income gap tax credits
  • KRS 141.067— Household and dependent care service credit
  • KRS 141.068— Definitions -- Determination of tax credits under KRS 154.20-258
  • KRS 141.069— Credit allowed for tuition at eligible educational institution
  • KRS 141.070— Credits allowed individuals for tax paid to other states
  • KRS 141.071— Definition -- Right to designate portion of tax to political party
  • KRS 141.072— Designation of party -- Certification and remittance to state and county party organizations
  • KRS 141.073— Rules and regulations
  • KRS 141.075— Repealed, 1954
  • KRS 141.080— Repealed, 1954
  • KRS 141.081— Optional standard deduction for individuals -- Exception
  • KRS 141.082— Repealed, 1976
  • KRS 141.083— Repealed, 1954
  • KRS 141.084— Repealed, 1954
  • KRS 141.085— Repealed, 1954
  • KRS 141.090— Repealed, 1954
  • KRS 141.095— Repealed, 1954
  • KRS 141.096— Repealed, 1954
  • KRS 141.100— Repealed, 1954
  • KRS 141.0101— Depreciation methods and transitional rules
  • KRS 141.0105— Repealed, 2006
  • KRS 141.110— Repealed, 1954
  • KRS 141.120— Division of income of interstate business for tax purposes -- Apportionment
  • KRS 141.121— Special rules for apportioning business income -- Management of a treasury function -- Passenger airlines -- Qualified air freight forwarders -- Administrative regulations regarding sourcing of receipts
  • KRS 141.124— Repealed, 1966
  • KRS 141.125— Repealed, 1954
  • KRS 141.130— Liability for tax on discontinuation of business
  • KRS 141.140— Accounting period for computation of income
  • KRS 141.150— Reports of income payments to others
  • KRS 141.160— When returns for income tax are due -- Forms -- Copy of federal return may be required -- Returns for cooperatives
  • KRS 141.170— Extension of time for filing returns
  • KRS 141.175— Extension for members of Armed Forces serving in combat zones
  • KRS 141.180— Individuals required to make return -- Verification
  • KRS 141.190— Returns of fiduciaries
  • KRS 141.200— Corporation returns -- Requirement of affiliated groups to file consolidated returns
  • KRS 141.0201— Artistic charitable contributions deduction for individuals
  • KRS 141.201— Corporation returns -- Election of affiliated groups to file consolidated returns -- Taxable years beginning on or after January 1, 2019
  • KRS 141.0202— Repealed, 2018
  • KRS 141.202— Requirement of taxpayer engaged in a unitary business with one or more other corporations to file a combined report -- Administrative regulations -- Taxable years beginning on or after January 1, 2019
  • KRS 141.0205— Priority of application and use of tax credits
  • KRS 141.205— Disallowance of certain deductions for affiliated entities or related parties
  • KRS 141.206— Filing of returns by pass-through entities -- Withholding requirements on owners of pass-through entities -- Apportionment issues for pass-through entities
  • KRS 141.207— Calculation of estimated tax required by KRS 141.206 for nonresident individuals -- Payment of estimated tax
  • KRS 141.208— Treatment of limited liability companies
  • KRS 141.209— Annual election to have tax under KRS 141.020 imposed on pass-through entity -- Refundable tax credit -- Report to owner -- Administrative regulations
  • KRS 141.210— Auditing of returns -- Assessment of additional tax
  • KRS 141.211— Audits performed and additional tax assessed at the partnership level
  • KRS 141.0215— Inclusion in gross income of government retirement payments after December 31, 1997 -- Computation
  • KRS 141.215— Deferred filing of returns and payment of taxes
  • KRS 141.220— Payment of tax -- When due
  • KRS 141.225— Repealed, 1950
  • KRS 141.230— Repealed, 1954
  • KRS 141.235— Action interfering with collection or payment prohibited -- Limitation on refund of taxes
  • KRS 141.240— Repealed, 1954
  • KRS 141.250— Repealed, 1952
  • KRS 141.260— Repealed, 1952
  • KRS 141.270— Repealed, 1952
  • KRS 141.300— Repealed, 2019
  • KRS 141.305— Estimated income tax payments -- Administrative regulations
  • KRS 141.310— Withholding of tax from wages paid by employer
  • KRS 141.315— Department to promulgate regulations governing certain types of wage payments
  • KRS 141.320— Remuneration paid by an employer deemed wages
  • KRS 141.325— Withholding exemptions -- Certificates
  • KRS 141.330— Employers to file quarterly returns and make payments -- Liability -- Actions -- Lien on property of employer
  • KRS 141.335— Annual withholding statement to be furnished employee
  • KRS 141.340— Liability of employer for tax payment -- Corporate officers, managers of limited liability companies, and partners of registered limited liability partnerships personally liable
  • KRS 141.345— Refund or credit in case of overpayment
  • KRS 141.347— Computation of income tax credit
  • KRS 141.350— Credit of amount withheld against tax imposed by KRS 141.020 for same taxable year
  • KRS 141.355— Crediting of overpayment and refund of balance -- Withholding in excess of tax imposed by KRS 141.020, when considered overpayment
  • KRS 141.360— Repealed, 1970
  • KRS 141.370— Tables for determining tax to be withheld
  • KRS 141.375— Repealed, 2005
  • KRS 141.380— Repealed, 2005
  • KRS 141.381— Nonrefundable tax credit for entities participating in the Metropolitan College
  • KRS 141.382— Refundable or transferable tax credit for qualified rehabilitation expenses for certified historic structure meeting the requirements of KRS 171.396 and 171.397
  • KRS 141.383— Refundable tax credit for motion picture or entertainment production expenses -- Reporting
  • KRS 141.384— Nonrefundable tax credit for small businesses
  • KRS 141.385— Nonrefundable tax credit for railroad improvement
  • KRS 141.386— Nonrefundable tax credit for railroad expansion or upgrade to accommodate transportation of fossil energy resources or biomass resources
  • KRS 141.387— No carry forward permitted for tax credits provided by KRS 141.385 and 141.386 -- Claims for credits
  • KRS 141.388— Repealed, 2018
  • KRS 141.389— Nonrefundable and nontransferable distilled spirits ad valorem tax credit -- Election to waive credits -- Credit to be used only for capital improvement at licensed distiller's premises -- Refundable credit for taxpayer investing and creating jobs in area of low and moderate income -- Administrative regulations -- Annual report
  • KRS 141.390— Tax credit for recycling or composting equipment -- Report
  • KRS 141.391— Nonrefundable tax credit for expansion of broadband services
  • KRS 141.392— Repealed, 2018
  • KRS 141.395— Tax credit for construction of research facilities
  • KRS 141.396— Nonrefundable angel investor tax credit against individual income tax -- Carry forward -- Transfer of credit -- Recapture of credit -- Data reporting requirements
  • KRS 141.398— Development area tax credit -- Annual report
  • KRS 141.400— Tax credit for company approved for economic development project under KRS 154.28-010 to 154.28-100
  • KRS 141.0401— Limited liability entity tax -- Exemptions -- Rate
  • KRS 141.401— Repealed, 2023
  • KRS 141.402— Taxing provisions governing approved companies under Subchapter 25 of KRS Chapter 154
  • KRS 141.403— Tax credit for company approved on or before June 30, 2021, under KRS 154.26-010 to 154.26-100 -- Administrative regulations
  • KRS 141.0405— Repealed, 2018
  • KRS 141.405— Tax credit for company approved for occupational or skills upgrade training program under KRS 154.12-2084 to 154.12-2089 -- Administrative regulations
  • KRS 141.0406— Repealed, 2018
  • KRS 141.407— Determination of allowable income tax credit approved company may retain
  • KRS 141.408— Inventory tax credit -- Applies on or after January 1, 2018 -- Pass-through entities, allowable credit -- Annual report
  • KRS 141.410— Definitions for KRS 141.410 to 141.414
  • KRS 141.412— Tax credit for qualified farming operation
  • KRS 141.414— Computation of tax and credit
  • KRS 141.415— Computation of income tax and credit for approved company
  • KRS 141.416— Repealed, 2009
  • KRS 141.418— Nonrefundable credit for voluntary environmental remediation
  • KRS 141.419— Definitions for section -- Refundable credit for qualifying expenditures at qualifying decontamination property -- Administrative regulations -- Reporting
  • KRS 141.420— Repealed, 2018
  • KRS 141.421— Tax incentives for alternative fuel, gasification, and renewable energy facilities
  • KRS 141.422— Definitions for KRS 141.422 to 141.425
  • KRS 141.423— Nonrefundable credit for biodiesel producer, biodiesel blender, or renewable diesel producer
  • KRS 141.424— Biodiesel credit distribution for pass-through entities
  • KRS 141.425— Authorization for administrative regulations to administer biodiesel credit
  • KRS 141.428— Kentucky Clean Coal Incentive Act -- Definitions -- Tax credit -- Administrative regulations
  • KRS 141.430— Repealed, 2018
  • KRS 141.432— Definitions for KRS 141.432 to 141.434
  • KRS 141.433— Application for New Markets Development Program tax credit
  • KRS 141.434— New Markets Development Program tax credit
  • KRS 141.435— Definitions for KRS 141.435 to 141.437
  • KRS 141.436— Tax credit for installation of energy efficiency products for residential and commercial property -- Administrative regulations -- Reports
  • KRS 141.437— Tax credit for construction of ENERGY STAR home or sale of ENERGY STAR manufactured home -- Required verification -- Reports
  • KRS 141.438— Endow Kentucky tax credit
  • KRS 141.440— Designation of income tax refund to child victims' trust fund
  • KRS 141.441— Designation of income tax refund to local history trust fund
  • KRS 141.442— Repealed, 2005
  • KRS 141.443— Designation of income tax refund to Special Olympics Kentucky
  • KRS 141.444— Designation of income tax refund to veterans' program trust fund
  • KRS 141.445— Designation of income tax refund to pediatric cancer research trust fund
  • KRS 141.446— Designation of income tax refund to breast cancer research and education trust fund
  • KRS 141.447— Designation of income tax refund to rape crisis center trust fund
  • KRS 141.448— Designation of income tax refund to farms to food banks trust fund
  • KRS 141.449— Designation of income tax refund to Kentucky CASA network fund
  • KRS 141.450— Public policy
  • KRS 141.455— Designation of income tax refund to nongame species protection and natural areas acquisition programs
  • KRS 141.460— Space on form for designation
  • KRS 141.465— Apportionment of funds -- Funds to be placed in interest-bearing account
  • KRS 141.470— Use of funds apportioned to the nature preserves fund
  • KRS 141.475— Rules and regulations
  • KRS 141.480— Designation provisions void, when
  • KRS 141.500— Education Opportunity Account Program. (See LRC Note below)
  • KRS 141.502— Definitions for KRS 141.500 to 141.528 (See LRC Note below)
  • KRS 141.504— Uniform process for education opportunity account allocation -- Qualifying expenses -- Provision for eligible student in county with population of 90,000 or more -- Duration of education opportunity account -- Prioritization of funding -- Restrictions. (See LRC Note below)
  • KRS 141.506— Application to establish an education opportunity account for eligible students -- Renewal -- Process to cease funding student account. (See LRC Note below)
  • KRS 141.508— Application for tax credit -- Preliminary approval subject to annual tax credit cap -- Taxpayer notification -- Taxpayer contribution – Account-granting organization certification of contribution. (See LRC Note below)
  • KRS 141.510— Certification and renewal of certification of an account-granting organization -- Application -- Required information -- Department certification. (See LRC Note below)
  • KRS 141.512— Minimal allocation of contributions required to education opportunity accounts by account-granting organization -- Standard application process for establishment of student eligibility for an account -- Transfer of funds from one account–granting organization to another -- Donations. (See LRC Note below)
  • KRS 141.514— Administration of education opportunity account tax credit and cap -- Required annual publications on department Web site. (See LRC Note below)
  • KRS 141.516— Audit of account-granting organization by department -- Notice of violation -- Revocation of certificate. (See LRC Note below)
  • KRS 141.518— Account-granting organization system of payment to education service providers -- Payments to an education opportunity account -- Approval of education service providers. (See LRC Note below)
  • KRS 141.520— Effect of Education Opportunity Account Program on education service provider -- Authority of government entities. (See LRC Note below)
  • KRS 141.522— Education Opportunity Account Program tax credit -- Cap on credit -- Prioritization. (See LRC Note below)
  • KRS 141.524— Report by department on Education Opportunity Account Program. (See LRC Note below)
  • KRS 141.526— Standing for parents of eligible students. (See LRC Note below)
  • KRS 141.528— Short title for KRS 141.500 to 141.528. (See LRC Note below)
  • KRS 141.900— Definitions for KRS Chapter 141 -- Taxable years beginning prior to January 1, 2018
  • KRS 141.901— Division of income of interstate business for tax purposes -- Apportionment
  • KRS 141.985— Interest on tax not paid by date due -- Addition to tax provided in KRS 141.305 and 141.044 to be considered a penalty
  • KRS 141.990— Penalties
  • KRS 141.3841— Selling farmer tax credit -- Report
  • KRS 141.4231— Renewable chemical production tax credit
  • KRS 141.4242— Nonrefundable credit for producers of ethanol
  • KRS 141.4244— Nonrefundable credit for producers of cellulosic ethanol
  • KRS 141.4246— Ethanol or cellulosic ethanol credit distribution for pass-through entities
  • KRS 141.4248— Transfer of unused ethanol or cellulosic ethanol tax credit caps established by KRS 141.4242 and 141.4244
  • KRS 141.4425— Designation of income tax refund to Kentucky YMCA Youth Association