Chapter 141. Income Taxes

• KY ST T. XI, Ch. 141, Refs & Annos
• 141.010 Definitions for Chapter for Taxable Years Beginning on or After January 1, 2018
• 141.0101 Depreciation Methods and Transitional Rules
• 141.0105 Adjustment of Exclusion Amount for Retirement Distributions for Tax Years After 1998—Repealed
• 141.011 Casualty Losses;  Net Operating Losses
• 141.012 Corporation May Carry Forward and Deduct Net Operating Loss for First Year of Operations—Repealed
• 141.013 Deduction of First Year Depreciation Allowance—Repealed
• 141.014 Disposition of Receipts Under Chapter
• 141.015 Definitions for Short Form Return Provisions—Repealed
• 141.016 Reporting Federal Adjusted Gross Income Attributed to Husband and Wife;  Allocation of Income and Business Deductions Between Husband and Wife
• 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
• 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
• 141.019 Calculation of Adjusted Gross Income and Net Income for Taxpayers Other than Corporations
• 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
• 141.0201 Artistic Charitable Contributions Deduction for Individuals
• 141.0202 Deduction of Leasehold Interest of Property Contributed as Living Quarters for Homeless Persons—Repealed
• 141.0205 Priority of Application and Use of Tax Credits
• 141.021 Federal and Local Government Annuities Excluded from Gross Income;  Taxability After December 31, 1997
• 141.0215 Inclusion in Gross Income of Government Retirement Payments After December 31, 1997;  Computation
• 141.022 Deduction Allowed Individuals and Fiduciaries for 1956—Repealed
• 141.023 Optional Tax Tables
• 141.025 Optional Short Form Tax—Repealed
• 141.030 Levy of Income Tax on Estates, Trusts and Fiduciaries;  Liability of Fiduciaries
• 141.039 Calculation of Gross Income and Net Income for Corporations
• 141.040 Corporation Income Tax;  Exemptions;  Rate
• 141.0401 Limited Liability Entity Tax;  Exemptions;  Rate
• 141.0405 Coal Incentive Tax Credit for Electric Power Generation and Alternative Fuel or Gasification Facilities;  Procedure for Claiming Credit;  Priority of Application—Repealed
• 141.0406 Time Frame for Claiming Coal Incentive Tax Credit Allowed Under KRS 141.0405—Repealed
• 141.041 Tax Credit for Corporations for Installing, Modifying or Utilizing Coal for Manufacturing or Heating
• 141.042 Declaration of Estimated Corporation and Limited Liability Pass-Through Entity Tax—Repealed
• 141.044 Payment of Estimated Tax by Corporations and Pass-Through Entities;  Refund of Taxes;  Administrative Regulations
• 141.046 Underpayment of Estimated Corporation Tax—Repealed
• 141.050 Federal Interpretations Applicable, when;  Taxpayer Record;  Subpoenas;  Forms;  Regulations
• 141.055 Forms and Rules and Regulations for Short Form Returns—Repealed
• 141.060 Tax Credits Allowed Individuals—Repealed
• 141.062 Premiums Paid for Health Insurance to be Treated as Income Tax Credit
• 141.063 Skills Training Investment Credits Allowed by KRS 154.12–204 to 154.12–208;  Application to Income Tax Obligations;  Annual Report
• 141.065 Credit Allowed for Hiring Person Classified as Unemployed
• 141.066 Definitions;  Nonrefundable Low Income, Family Size, and Income Gap Tax Credits
• 141.067 Household and Dependent Care Service Credit
• 141.068 Definitions;  Determination of Tax Credits Under KRS 154.20-258
• 141.069 Credit Allowed for Tuition at Eligible Educational Institution
• 141.070 Credits Allowed Individuals for Tax Paid to Other States
• 141.071 Definition;  Right to Designate Portion of Tax to Political Party
• 141.072 Designation of Party;  Certification and Remittance to State and County Party Organizations
• 141.073 Rules and Regulations
• 141.075 Year in Which Deductions and Credits Shall be Taken—Repealed
• 141.079 Year in Which Deductions and Credits Shall be Taken—Renumbered
• 141.080 Deductions Allowed from Gross Income, to All Taxpayers—Repealed
• 141.081 Optional Standard Deduction for Individuals;  Exception
• 141.082 Election to Take Standard Deduction—Repealed
• 141.083 Standard Deduction in Case of Married Persons—Repealed
• 141.084 Standard Deduction Allowable Only for Full Year—Repealed
• 141.085 Refund of Tax Paid on Wartime Military Service Income;  Option to Deduct Such Income from Future Gross Income—Repealed
• 141.090 Deductions Not Allowed from Gross Income—Repealed
• 141.095 Alimony Payments, when to be Included in Gross Income of Wife and Not that of Husband—Repealed
• 141.096 Income from Trust for Benefit of Divorced or Separated Wife, when to be Included in Gross Income of Wife;  Purpose to Treat Alimony Payments as Under Federal Law—Repealed
• 141.100 Gains or Losses from Sale or Exchange of Property—Repealed
• 141.110 Partnership Incomes—Repealed
• 141.120 Division of Income of Interstate Business for Tax Purposes; Apportionment
• 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
• 141.124 Separate Accounting by Corporation Authorized, when;  Appeal—Repealed
• 141.125 Distribution of Voting Stock in Subsidiary Corporation;  when Not Recognized as Gain to Distributee—Repealed
• 141.130 Liability for Tax on Discontinuation of Business
• 141.140 Accounting Period for Computation of Income
• 141.150 Reports of Income Payments to Others
• 141.160 when Returns for Income Tax Are Due;  Forms;  Copy of Federal Return May be Required;  Returns for Cooperatives
• 141.170 Extension of Time for Filing Returns
• 141.175 Extension for Members of Armed Forces Serving in Combat Zones
• 141.180 Individuals Required to Make Return;  Verification
• 141.190 Returns of Fiduciaries
• 141.200 Corporation Returns;  Requirement of Affiliated Groups to File Consolidated Returns
• 141.201 Corporation Returns; Election of Affiliated Groups to File Consolidated Returns; Taxable Years Beginning on or After January 1, 2019
• 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
• 141.205 Disallowance of Certain Deductions for Affiliated Entities or Related Parties
• 141.206 Filing of Returns by Pass-Through Entities;  Withholding Requirements on Owners of Pass-Through Entities;  Apportionment Issues for Pass-Through Entities
• 141.207 Calculation of Estimated Tax Required by KRS 141.206 for Nonresident Individuals;  Payment of Estimated Tax
• 141.208 Treatment of Limited Liability Companies
• 141.209 Annual Election for Tax Under KRS 141.020 Imposed on Pass-Through Entity;  Refundable Tax Credit;  Report to Owner;  Administrative Regulations
• 141.210 Auditing of Returns;  Assessment of Additional Tax
• 141.211 Audits Performed and Additional Tax Assessed at the Partnership Level
• 141.215 Deferred Filing of Returns and Payment of Taxes
• 141.220 Payment of Tax;  when Due
• 141.225 Extension of Time for Paying Taxes by Persons in Military Service—Repealed
• 141.230 Payment Under Protest;  Action to Recover Tax Paid;  Refund—Repealed
• 141.235 Action Interfering with Collection or Payment Prohibited;  Limitation on Refund of Taxes
• 141.240 Constitutionality of 1946 Amendments to Income Tax Law—Repealed
• 141.250 Temporary Change in Tax Rates on Corporate and Individual Incomes, Marital Tax Credit, and Persons Required to File Returns—Repealed
• 141.260 Administration and Enforcement of KRS 141.250—Repealed
• 141.270 Disposition of Tax Revenue—Repealed
• 141.300 Declaration of Estimated Tax—Repealed
• 141.305 Estimated Income Tax Payments;  Administrative Regulations
• 141.310 Withholding of Tax from Wages Paid by Employer
• 141.315 Department to Promulgate Regulations Governing Certain Types of Wage Payments
• 141.320 Remuneration Paid by an Employer Deemed Wages
• 141.325 Withholding Exemptions;  Certificates
• 141.330 Employers to File Quarterly Returns and Make Payments;  Liability;  Actions;  Lien on Property of Employer
• 141.335 Annual Withholding Statement to be Furnished Employee
• 141.340 Liability of Employer for Tax Payment;  Corporate Officers, Managers of Limited Liability Companies, and Partners of Registered Limited Liability Partnerships Personally Liable
• 141.345 Refund or Credit in Case of Overpayment
• 141.347 Computation of Income Tax Credit
• 141.350 Credit of Amount Withheld Against Tax Imposed by KRS 141.020 for Same Taxable Year
• 141.355 Crediting of Overpayment and Refund of Balance;  Withholding in Excess of Tax Imposed by KRS 141.020, when Considered Overpayment
• 141.360 Tables for Determining Tax to be Withheld—Repealed
• 141.370 Tables for Determining Tax to be Withheld
• 141.375 Definitions Relating to Qualifying Energy Property—Repealed
• 141.380 Tax Credit for Expenditures for Qualifying Energy Property Installed by Taxpayer—Repealed
• 141.381 Nonrefundable Tax Credit for Entities Participating in the Metropolitan College
• 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
• 141.383 Refundable Tax Credit for Motion Picture or Entertainment Production Expenses;  Reporting
• 141.384 Nonrefundable Tax Credit for Small Businesses
• 141.3841 Selling Farmers Tax Credit
• 141.385 Nonrefundable Tax Credit for Railroad Improvement
• 141.386 Nonrefundable Tax Credit for Railroad Expansion or Upgrade to Accommodate Transportation of Fossil Energy Resources or Biomass Resources
• 141.387 NO Carry Forward Permitted for Tax Credits Provided by KRS 141.385 and 141.386;  Claims for Credits
• 141.388 Nonrefundable Tax Credit for New Home Purchases—Repealed
• 141.389 Nonrefundable and Nontransferable Distilled Spirits AD Valorem Tax Credit;  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
• 141.390 Tax Credit for Recycling or Composting Equipment;  Report
• 141.392 Tax Credit for Donated Edible Agricultural Products—Repealed
• 141.395 Tax Credit for Construction of Research Facilities
• 141.396 Nonrefundable Angel Investor Tax Credit Against Individual Income Tax;  Carry Forward;  Transfer of Credit;  Recapture of Credit;  Data Reporting Requirements
• 141.398 Development Area Tax Credit;  Annual Report
• 141.400 Tax Credit for Company Approved for Economic Development Project Under KRS 154.28–010 to 154.28–100
• 141.401 Tax Credit and Income Tax for Companies with Economic Development Projects in Qualified Zones;  Computation of Net Income;  Administrative Regulations—Repealed
• 141.402 Taxing Provisions Governing Approved Companies Under Subchapter 25 of KRS Chapter 154
• 141.403 Tax Credit for Company Approved on or Before June 30, 2021, Under KRS 154.26–010 to 154.26–100;  Administrative Regulations
• 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
• 141.407 Determination of Allowable Income Tax Credit Approved Company May Retain
• 141.408 Inventory Tax Credit;  Applies on or After January 1, 2018;  Pass-Through Entities, Allowable Credit;  Annual Report
• 141.410 Definitions for KRS 141.410 to 141.414
• 141.412 Tax Credit for Qualified Farming Operation
• 141.414 Computation of Tax and Credit
• 141.415 Computation of Income Tax and Credit for Approved Company
• 141.416 Credit on License Tax Liability for Approved Company—Repealed
• 141.418 Nonrefundable Credit for Voluntary Environmental Remediation
• 141.419 Definitions for Section;  Refundable Credit for Qualifying Expenditures at Qualifying Decontamination Property;  Administrative Regulations;  Reporting
• 141.420 Taxable Income of Individuals from Pass Through Entities;  Allowable Credits from Pass Through Entities;  Determining Basis in Ownership Interest—Repealed
• 141.421 Tax Incentives for Alternative Fuel, Gasification, and Renewable Energy Facilities
• Alternative Fuel Producer Tax Credits
• New Markets Development Program Tax Credit
• Energy Efficiency Products and Homes Tax Credit
• Refund Designations
• Nongame Species and Habitat Acquisition Programs
• Education Opportunity Account Program
• 141.900 Definitions for KRS Chapter 141;  Taxable Years Beginning Prior to January 1, 2018
• 141.901 Division of Income of Interstate Business for Tax Purposes;  Apportionment;  Taxable Years Beginning Prior to January 1, 2018
• Interest and Penalties