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15 chapters · 869 sections in this title.
KRS § 143.010 Definitions for chapter
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As used in this chapter: (1) "Department" means the Department of Revenue; (2) "Coal" means and includes any material composed predominantly of hydrocarbons in a solid state; (3) "Severed," "severing," or "severance" means the physical removal of coal from the earth; (4) "Ton" me…
KRS § 143.020 Imposition of tax on severance or processing of coal
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For the privilege of severing or processing coal, in addition to all other taxes imposed by law, a tax is hereby levied on every taxpayer engaged in severing and/or processing coal within this Commonwealth at the rate of four and one-half percent (4.5%) of the gross value of all …
KRS § 143.021 Tax credit for thin seam coal
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(1) A nonrefundable severance tax credit against the severance tax imposed by KRS 143.020 shall be allowed for new permitted production after July 1, 2000, as follows. (a) For coal mined from above-drainage seams using deep mining or underground mining methods, the credit shall b…
KRS § 143.022 Coal severance tax refund on exported coal -- Annual report
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(1) A taxpayer engaged in severing or processing coal within this Commonwealth that has paid the tax imposed under KRS 143.020 may apply for a refund equal to the amount of tax paid under KRS 143.020 if the coal is transported directly to a market outside of the United States of …