Title XI, Revenue and Taxation

(1) As used in this section: (a) "Kentucky gross receipts" means an amount equal to the computation of the numerator of the apportionment fraction under KRS 141.120, any administrative regulations related to the computation of the sales factor, and KRS 141.121 and includes the pr…

manufacturing or heating. (1) There shall be allowed a credit against the tax imposed on any corporation subject to taxation under KRS 141.040 and 141.0401, and which, on or after January 1, 1984, installs, modifies, and utilizes facilities located in Kentucky for generating stea…

Refund of taxes -- Administrative regulations. (1) For taxable years beginning on or after January 1, 2019, every corporation and limited liability pass-through entity subject to taxation under KRS 141.040 and 141.0401 shall make estimated tax payments if the taxes imposed by KRS…

-- Forms -- Regulations. (1) Except to the extent required by differences between this chapter and its application and the federal income tax law and its application, the administrative and judicial interpretations of the federal income tax law, computations of gross income and d…

(1) The amount of premiums paid for health insurance shall be treated as an income tax credit for state income tax purposes, and as a credit against the limited liability entity tax imposed by KRS 141.0401, with the ordering of the credits as provided in KRS 141.0205, as follows:…

-- Application to income tax obligations -- Annual report. (1) As used in this section, unless the context requires otherwise: (a) "Approved company" has the same meaning as in KRS 154.12-204; (b) "Corporation" has the same meaning as in KRS 154.12-204; (c) "Occupational upgrade …

(1) For the purposes of this section, "code" or "Internal Revenue Code" means the Internal Revenue Code in effect as of December 31, 1981. (2) For taxable years beginning before January 1, 2028, there shall be allowed as a credit for any taxpayer against the tax imposed by KRS 14…

credits. (1) As used in this section: (a) "Federal poverty level" means the Health and Human Services poverty guidelines updated periodically in the Federal Register by the United States Department of Health and Human Services under the authority of 42 U.S.C. sec. 9902(2) and ava…

A resident individual may deduct from the tax computed under the provisions of KRS 141.020 a credit for household and dependent care services necessary for gainful employment. The credit shall be twenty percent (20%) of the federal credit allowed under Section 21 of the Internal …

(1) As used in this section, unless the context requires otherwise: (a) "Authority" means the Kentucky Economic Development Finance Authority as created pursuant to KRS 154.20-010; (b) "Investor" has the same meaning as set forth in KRS 154.20-254; (c) "Investment fund" has the s…

(1) As used in this section, "eligible Kentucky education institution" means an institution as defined by Section 25A of the Internal Revenue Code that is located within the Commonwealth of Kentucky. (2) For taxable years beginning after December 31, 2004, an individual may deduc…

(1) Whenever an individual who is a resident of this state has become liable for income tax to another state upon all or any part of the individual's net income for the taxable year, derived from sources without this state and subject to taxation under this chapter, the amount of…

(1) The term "political party" shall, for the purposes of this section and KRS 141.072 and 141.073, mean those parties who met the requirements of KRS 118.015 on January 1 of the taxable year. (2) Every individual whose income tax liability for the taxable year is as great or gre…

party organizations. The designation for a political party shall appear on the face of the individual income tax return. Fifty cents ($0.50) of any designation pursuant to KRS 141.071 shall be reserved for remittance to the appropriate official of the local governing authority of…

The Department of Revenue shall promulgate such rules and regulations as may be necessary to effectively administer the provisions of KRS 141.071 and 141.072.

(1) An individual, at his election, may deduct from his adjusted gross income a standard deduction of: (a) Six hundred and fifty dollars ($650) for taxable years beginning before December 31, 1996; (b) Nine hundred dollars ($900) for taxable years beginning after December 31, 199…

Apportionment. This section applies to taxable years beginning on or after January 1, 2018. (1) As used in this section: (a) "Apportionable income" means: 1. All income that is apportionable under the Constitution of the United States and is not allocated under this section, incl…

treasury function -- Passenger airlines -- Qualified air freight forwarders -- Administrative regulations regarding sourcing of receipts. (1) As used in this section: (a) "Affiliated airline" means an airline: 1. For which a qualified air freight forwarder facilitates air transpo…

If any corporation or pass-through entity dissolves or withdraws from this state during any taxable year, or if any corporation in any manner surrenders or loses its charter during any taxable year, the dissolution, withdrawal, or loss or surrender of charter shall not defeat the…

(1) If the taxpayer makes, or is required to make, a federal income tax return, the taxpayer's income shall be computed for the purposes of this chapter on the basis of the same calendar or fiscal year required by the federal government, and the taxpayer shall employ the same met…

(1) Every corporation subject to the jurisdiction of this state, unless excused by the department, shall render a correct report of its payments of dividends to residents of this state, stating the name and address of each shareholder, the number of shares owned by him, and the a…

may be required -- Returns for cooperatives. (1) All returns of income for the preceding taxable year shall be made by April 15 in each year, except returns made on the basis of a fiscal year, which shall be made by the fifteenth day of the fourth month following the close of the…

(1) The department may grant any taxpayer other than a corporation a reasonable extension of time for filing an income tax return whenever good cause exists, and shall keep a record of every extension. Except in the case of an individual who is abroad, no extension shall be grant…

(1) As used in this section and KRS 141.019 and 141.900: (a) "Active duty" means the day the person assembles at his or her armory or other designated place until the day he or she returns there and has been properly relieved, including: 1. Fractional parts of a day which count a…

(1) For taxable years beginning before January 1, 2005: (a) Every individual, except as otherwise provided in this subsection, having for the taxable year an adjusted gross income which exceeds five thousand dollars ($5,000), if single, or if married and not living with husband o…

(1) Every fiduciary, except a receiver appointed by authority of law in possession of part only of the property of an individual, shall make under oath a return for any of the following individuals, estates, or trusts for which he acts, setting forth therein such information as m…

consolidated returns. (1) Subsections (2) to (7) of this section shall apply for taxable periods ending before January 1, 2005, and election periods beginning prior to January 1, 2005. (2) As used in subsections (2) to (7) of this section, unless the context requires otherwise: (…

returns -- Taxable years beginning on or after January 1, 2019. (1) This section shall apply to taxable years beginning on or after January 1, 2019. (2) As used in this section: (a) "Affiliated group" means affiliated group as defined in Section 1504(a) of the Internal Revenue Co…

other corporations to file a combined report -- Administrative regulations -- Taxable years beginning on or after January 1, 2019. (1) This section shall apply to taxable years beginning on or after January 1, 2019. (2) As used in this section: (a) "Combined group" means the grou…

(1) As used in this section: (a) "Intangible property" means franchises, patents, patent applications, trade names, trademarks, service marks, copyrights, trade secrets, and similar types of intangible assets; (b) "Intangible expenses" includes the following only to the extent th…

owners of pass-through entities -- Appointment issues for pass-through entities. (1) Every pass-through entity doing business in this state shall, on or before the fifteenth day of the fourth month following the close of its annual accounting period, file a copy of its federal ta…

individuals -- Payment of estimated tax. (1) For a nonresident individual partner, member, or shareholder, the payment of estimated tax required by KRS 141.206 shall be calculated under KRS 141.020 and 141.305 for the taxable year. (2) The payment of estimated tax shall be made i…

(1) For the purposes of this section, "limited liability company" shall mean any company subject to the provisions of KRS Chapter 275. (2) For taxable years beginning after December 31, 2004, and before January 1, 2007, a limited liability company shall file a Kentucky corporate …

entity -- Refundable tax credit -- Report to owner -- Administrative regulations. (1) For purposes of this section: (a) "Authorized person" means any individual with the authority from the electing entity to bind the electing entity or sign returns on its behalf; (b) "Direct owne…

(1) As soon as practicable after each return is received, the department shall examine and audit it. (2) (a) 1. If the amount of tax computed by the department is greater than the amount returned by the taxpayer, the additional tax shall be assessed and a notice of assessment mai…

(1) As used in this section: (a) "Administrative adjustment request" means an administrative adjustment request filed by a partnership under Section 6227 of the Internal Revenue Code; (b) "Audited partnership" means a partnership subject to a partnership level audit resulting in …

Members of the Army, Navy, Marines, Air Force, or Public Health Service of the United States government who serve in an area designated as a combat zone by presidential proclamation who are required by law to file an income tax return and pay income taxes to the State of Kentucky…

The full amount of the unpaid tax payable by any taxpayer, as appears from the face of the return, shall be paid to the department at the time prescribed for filing the income tax return, determined without regard to any extension of time for filing the return.

refund of taxes. (1) No suit shall be maintained in any court to restrain or delay the collection or payment of the tax levied by this chapter. (2) Any tax collected pursuant to the provisions of this chapter may be refunded or credited in accordance with the provisions of KRS 13…

(1) For taxable years beginning on or after January 1, 2019, every individual shall make estimated income tax payments if his or her: (a) Gross income from sources other than wages upon which Kentucky income tax will be withheld can reasonably be expected to exceed five thousand …

(1) Every employer making payment of wages on or after January 1, 1971, shall deduct and withhold upon the wages a tax determined under KRS 141.315 or by the tables authorized by KRS 141.370. (2) If wages are paid with respect to a period which is not a payroll period, the amount…

payments. If payment of wages is made to an employee by an employer: (1) With respect to a payroll period or other period, any part of which is included in a payroll period or other period with respect to which wages are also paid to such employee by such employer, or (2) Without…

If the remuneration paid by an employer to an employee for services performed during one-half (1/2) or more of any payroll period of not more than thirty-one (31) consecutive days constitutes wages, all the remuneration paid by such employer to such employee for such period shall…

(1) An employee receiving wages shall on any day be entitled to the following withholding exemptions: (a) For taxable years beginning prior to January 1, 2018: 1. One (1) exemption for himself; 2. One (1) exemption for each dependent for whom he would be entitled to a tax credit …

Actions -- Lien on property of employer. (1) Every employer required to deduct and withhold tax under KRS 141.310 and 141.315 shall, for the quarterly period beginning on the first day of January of each year, and for each quarterly period thereafter, on or before the last day of…

(1) Every person required to deduct and withhold from an employee a tax under KRS 141.310 or 141.315, or who would have been required to deduct and withhold a tax under KRS 141.310 or 141.315 if the employee had claimed no more than one (1) withholding exemption, shall furnish to…

limited liability companies, and partners of registered limited liability partnerships personally liable. (1) An employer shall be liable for the payment of the tax required to be deducted and withheld under KRS 141.310 and 141.315, and shall not be liable to any person for the a…

(1) Where there has been an overpayment of tax under KRS 141.310 or 141.315, refund or credit shall be made to the employer only to the extent that the amount of such overpayment was not deducted and withheld under KRS 141.310 or 141.315 by the employer. (2) Unless written applic…

(1) As used in this section, unless the context requires otherwise: (a) "Approved company" shall have the same meaning as set forth in KRS 154.22-010; (b) "Economic development project" shall have the same meaning as set forth in KRS 154.22-010; (c) "Tax credit" means the "tax cr…

taxable year. The amount deducted and withheld as tax under KRS 141.310 and 141.315 during any calendar year upon the wages of any individual and the amount of credit described in KRS 154.22-070(2), 154.24-110, 154.24-150(3) and (4), 154.25-040, 154.26-100(2), 154.27-080, 154.28-…