Title XI, Revenue and Taxation

of tax imposed by KRS 141.020, when considered overpayment. (1) Where there has been an overpayment of any tax imposed under KRS 141.020, 141.310, or 141.315, the amount of such overpayment shall be credited against any income tax or installment thereof then due from the taxpayer…

The tax levied under KRS 141.020 and required to be withheld under KRS 141.310, unless determined by KRS 141.315, shall be withheld in accordance with the tables provided by the department. The department shall annually publish withholding tables for use in determining the amount…

College. (1) As used in this section: (a) "Corporation" means the Bluegrass State Skills Corporation established by KRS 154.12-205; (b) "Educational institution" means a regionally accredited college, university, or technical school; (c) "Metropolitan College" means a nonprofit c…

for certified historic structure. (1) As used in this section: (a) "Certified historic structure" means the same as defined in KRS 171.396; (b) "Qualified rehabilitation expense" means the same as defined in KRS 171.396; and (c) "Substantial rehabilitation" means the same as defi…

Administrative regulations -- Report. (Effective July 1, 2027) (1) As used in this section: (a) "Approved taxpayer" means any person or entity: 1. Subject to the taxes imposed in KRS 141.020 or 141.040 and 141.0401; and 2. That is the recipient of a certified rehabilitation credi…

expenses -- Limitations -- Qualifications -- Reporting. (1) As used in this section: (a) "Above-the-line production crew" has the same meaning as in KRS 154.61- 010; (b) "Approved company" has the same meaning as in KRS 154.61-010; (c) "Below-the-line production crew" has the sam…

(1) As used in this section, "small business" has the same meaning as in KRS 154.60- 010. (2) (a) For taxable years beginning after December 31, 2010, a small business may be eligible for a nonrefundable credit of up to one hundred percent (100%) of the Kentucky income tax impose…

(1) The selling farmer tax credit permitted by KRS 154.60-040: (a) Shall be nonrefundable and nontransferable; and (b) May be claimed against the taxes imposed in KRS 141.020 or 141.040 and 141.0401, with the ordering of the credit as provided in KRS 141.0205. (2) (a) The maximum…

(1) As used in this section: (a) "Class II railroad" means a railroad company classified as a Class II carrier by the federal Surface Transportation Board; (b) "Class III railroad" means a railroad company classified as a Class III carrier by the federal Surface Transportation Bo…

accommodate transportation of fossil energy resources or biomass resources. (1) As used in this section: (a) "Fossil energy resources" means reserves of coal, oil shale, and natural gas; and (b) "Biomass resources" means agricultural materials that may be used for production of t…

141.386 -- Claims for credits. (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,…

- 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. (1) (a) There shall be a…

(1) As used in this section: (a) "Postconsumer waste" means any product generated by a business or consumer which has served its intended end use, and which has been separated from solid waste for the purposes of collection, recycling, composting, and disposition and which does n…

(1) As used in this section: (a) "Eligible equipment or services" means the equipment used in the expansion of broadband services in Kentucky and includes: 1. Wires, cables, fiber, conduits, antennas, poles, switches, routers, amplifiers, rectifiers, repeaters, receivers, multipl…

(1) As used in this section: (a) "Construction of research facilities" means constructing, remodeling, and equipping facilities in this state or expanding existing facilities in this state for qualified research and includes only tangible, depreciable property, and does not inclu…

Carry forward -- Transfer of credit -- Recapture of credit -- Data reporting requirements. (1) As used in this section: (a) "Authority" has the same meaning as in KRS 154.20-230; (b) "Qualified investor" has the same meaning as in KRS 154.20-230; (c) "Qualified small business" ha…

(1) As used in this section: (a) "Development area" has the same meaning as in KRS 65.501; (b) "Owner" means: 1. The individual who owned the residential property on January 1, 2021; or 2. Upon the death of the individual under subparagraph 1. of this paragraph, a beneficiary who…

Administrative regulations. (1) As used in this section: (a) "Approved company" has the same meaning as in KRS 154.32-010; (b) "Authority" has the same meaning as in KRS 154.32-010; and (c) "Credit" means the economic development credit provided to an approved company by the auth…

KRS 154.28-010 to 154.28-100. (1) As used in this section, unless the context requires otherwise: (a) "Approved company" shall have the same meaning as set forth in KRS 154.28-010; (b) "Economic development project" shall have the same meaning as set forth in KRS 154.28-010; (c) …

KRS Chapter 154. (1) As used in this section, unless the context requires otherwise: (a) "Approved company" shall have the same meaning as set forth in KRS 154.25-010; (b) "Jobs retention project" shall have the same meaning as set forth in KRS 154.25-010; (c) "Kentucky gross rec…

154.26-010 to 154.26-100 -- Administrative regulations. (1) If an eligible company has not yet received preliminary approval on or before June 30, 2021, the eligible company shall not receive final approval by the authority to become an approved company and receive tax credits un…

training program under KRS 154.12-2084 to 154.12-2089 -- Administrative regulations. (1) As used in this section, unless the context requires otherwise: (a) "Approved company" has the same meaning as set forth in KRS 154.12-2084; (b) "Skills training investment credit" has the sa…

retain. (1) As used in this section, unless the context requires otherwise: (a) "Approved company" shall have the same meaning as set forth in KRS 154.24-010; (b) "Economic development project" shall have the same meaning as economic development project as set forth in KRS 154.24…

entities, allowable credit -- Annual report. (1) There shall be allowed a nonrefundable and nontransferable credit against the tax imposed by KRS 141.020 or 141.040 and 141.0401, with the ordering of the credits as provided in KRS 141.0205, for any taxpayer that, on or after Janu…

As used in KRS 141.410 to 141.414, unless the context requires otherwise: (1) "Approved costs" means the costs incurred during the taxable year by a qualified farming operation for training and improving the skills of managers and employees involved in a networking project. (2) "…

(1) For taxable years beginning before January 1, 2028, a qualified farming operation shall be entitled to a nonrefundable credit against the Kentucky income tax liability established pursuant to the provisions of this chapter on any income of the qualified farming operation gene…

(1) A qualified farming operation which is an individual sole proprietorship subject to tax under KRS 141.020 or a corporation or pass-through entity treated as a corporation for federal income tax purposes subject to tax under KRS 141.040 shall: (a) 1. Compute the tax due at the…

(1) As used in this section, unless the context requires otherwise: (a) "Approved company" means the same as defined in KRS 154.32-010 or 154.34-010; (b) "Economic development project" means the same as defined in KRS 154.32- 010; (c) "Reinvestment project" means the same as defi…

Administrative regulations -- Reports -- Application and certification. (1) As used in this section: (a) "Agriculturally based alternative jet fuel" means an alternative jet fuel produced from agricultural biomass, including crops and agricultural byproducts derived from agricult…

(1) As used in this section: (a) "Hazardous substances" shall have the meaning provided in KRS 224.1-400; (b) "Pollutant or contaminant" shall have the meaning provided in KRS 224.1- 400; (c) "Petroleum" and "petroleum products" shall have the meaning provided in KRS 224.60-115; …

qualifying decontamination property -- Administrative regulations -- Reporting. (1) As used in this section: (a) "Assignee" means the taxpayer to whom the credit allowed under this section is transferred; (b) "Exempt entity" means any tax-exempt organization under Section 501(c)(…

facilities. (1) As used in this section: (a) "Approved company" has the same meaning as in KRS 154.27-010; (b) "Eligible project" has the same meaning as in KRS 154.27-010; (c) "Kentucky gross receipts" has the same meaning as in KRS 141.0401; (d) "Kentucky gross profits" has the…

As used in KRS 141.422 to 141.425: (1) "Annual biodiesel and renewable diesel tax credit cap" means: (a) For calendar years beginning prior to January 1, 2008, one million five hundred thousand dollars ($1,500,000); (b) For the calendar year beginning on January 1, 2008, five mil…

renewable diesel producer. (1) (a) A biodiesel producer, biodiesel blender, or renewable diesel producer shall be entitled to a nonrefundable tax credit against the taxes imposed by KRS 141.020 or 141.040 and KRS 141.0401 in an amount certified by the department under subsection …

(1) (a) An eligible business that: 1. Has entered into an agreement under KRS 246.700(3); 2. Receives certification from the Department of Agriculture of the preliminary tax credit under KRS 246.700(6); and 3. Receives authorization from the department regarding the amount of tax…

(1) In the case of a biodiesel producer, biodiesel blender, or renewable diesel producer which is a pass-through entity not subject to tax under KRS 141.040, the amount of approved credit shall be applied against the tax imposed by KRS 141.0401 at the entity level, and shall also…

(1) (a) For taxable years beginning after December 31, 2007, an ethanol producer shall be eligible for a nonrefundable tax credit against the taxes imposed by KRS 141.020 or 141.040 and 141.0401 in an amount certified by the department under subsection (3) of this section. The cr…

(1) (a) For taxable years beginning after December 31, 2007, a cellulosic ethanol producer shall be eligible for a nonrefundable tax credit against the taxes imposed by KRS 141.020 or 141.040 and 141.0401 in an amount certified by the department under subsection (3) of this secti…

(1) An ethanol producer or a cellulosic ethanol producer that is a pass-through entity not subject to tax under KRS 141.040 shall apply the amount of approved credit against the tax imposed by KRS 141.0401 at the entity level, and shall also distribute the amount of the approved …

established by KRS 141.4242 and 141.4244. (1) (a) If, in any calendar year, all approved applications for credit filed pursuant to KRS 141.4242 and 141.4244 do not completely use the annual cellulosic ethanol tax credit cap established by KRS 141.4244 or annual ethanol tax credit…

The department may promulgate administrative regulations necessary to administer KRS 141.422 to 141.424.

Administrative regulations. (1) As used in this section: (a) "Clean coal facility" means an electric generation facility beginning commercial operation on or after January 1, 2005, at a cost greater than one hundred fifty million dollars ($150,000,000) that is located in the Comm…

As used in KRS 141.432 to 141.434, unless the context requires otherwise: (1) "Applicable percentage" means zero percent (0%) for each of the first two (2) credit allowance dates, seven percent (7%) for the third credit allowance date, and eight percent (8%) for the next four (4)…

(1) A qualified community development entity that seeks to have an equity investment or long-term debt security certified as a qualified equity investment and eligible for the tax credit permitted by KRS 141.434 shall apply to the department. The qualified community development e…

(1) There is hereby created a Kentucky New Markets Development Program tax credit. (2) A person or entity that makes a qualified equity investment earns a vested right to the tax credit created by subsection (1) of this section. The amount of the credit shall be equal to thirty-n…

As used in KRS 141.435 to 141.437: (1) "Active solar space-heating system" means a system that: (a) Consists of solar energy collectors that collect and absorb solar radiation combined with electric fans or pumps to transfer and distribute that solar heat; (b) May include an ener…

commercial property -- Administrative regulations -- Reports. (1) (a) For taxable periods beginning after December 31, 2008, and beginning before January 1, 2016, there is hereby created a nonrefundable credit against the tax imposed under KRS 141.020 or 141.040, and KRS 141.0401…

STAR manufactured home -- Required verification -- Reports. (1) As used in this section: (a) "ENERGY STAR home" means any single-family residence that qualifies for and receives the ENERGY STAR label under the ENERGY STAR Program administered by the United States Environmental Pr…

(1) For taxable years beginning on or after January 1, 2011, there is hereby established the Endow Kentucky tax credit. (2) A taxpayer providing an endowment gift to a permanent endowment fund of a qualified community foundation, or county-specific component fund, or affiliate co…

(1) Effective for the tax year beginning January 1, 1984, and until the State Treasurer certifies that the assets in the child victims' trust fund exceed twenty million dollars ($20,000,000), any individual, or individuals in the case of joint return, who is entitled to a tax ref…