No carry forward permitted for tax credits provided by KRS 141.385 and 141.386 -- Claims for credits
Effective: June 26, 2009 History: Created 2009 (1st Extra
(1) The tax credits established by KRS 141.385 and 141.386 shall not be carried forward to a return for any other period.
(2) If an expenditure by a taxpayer qualifies for credits under more than one (1) of the provisions of KRS 141.385 and 141.386, the taxpayer may claim credit under one (1) section only.
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.