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CHAPTER 141 INCOME TAXES

• 141.010 Definitions for chapter.
• 141.0101 Depreciation methods and transitional rules.
• 141.0105 Repealed, effective January 1, 2006.
• 141.011 Casualty losses -- Net operating losses.
• 141.012 Repealed, 2006.
• 141.013 Repealed, 1974.
• 141.014 Disposition of receipts under chapter.
• 141.015 Repealed, 1954.
• 141.016 Reporting federal adjusted gross income attributed to husband and wife -- Allocation of income and business deductions between husband and wife.
• 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 --
• 141.020 Levy of income tax on individuals -- Rate of normal tax -- 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.
• 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• 141.022 Repealed, 1962.
• 141.023 Optional tax tables.
• 141.025 Repealed, 1976.
• 141.030 Levy of income tax on estates, trusts and fiduciaries -- Liability of fiduciaries.
• 141.040 Corporation income tax -- Exemption -- 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.
• 141.0406 Time frame for claiming coal incentive tax credit allowed under KRS 141.0405.
• 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.
• 141.044 Payment of estimated corporation tax.
• 141.046 Repealed, 1970.
• 141.050 Federal interpretations applicable, when -- Taxpayer record -- Subpoenas -- Forms -- Regulations.
• 141.055 Repealed, 1954.
• 141.060 Repealed, 1956.
• 141.062 Premiums paid for health insurance to be treated as income tax credit.
• 141.065 Credit allowed for hiring person classified as unemployed.
• 141.066 Definitions -- Nonrefundable "low income" tax credit.
• 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 Repealed, 1954.
• 141.080 Repealed, 1954.
• 141.081 Optional standard deduction for individuals -- Exception.
• 141.082 Repealed, 1976.
• 141.083 Repealed, 1954.
• 141.084 Repealed, 1954.
• 141.085 Repealed, 1954.
• 141.090 Repealed, 1954.
• 141.095 Repealed, 1954.
• 141.096 Repealed, 1954.
• 141.100 Repealed, 1954.
• 141.110 Repealed, 1954.
• 141.120 Division of income of interstate business for tax purposes -- Apportionment.
• 141.121 Special rules for apportioning business income -- Passenger airlines -- Management of a treasury function.
• 141.124 Repealed, 1966.
• 141.125 Repealed, 1954.
• 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 National Guard and reserves 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.
• 141.205 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 -- Composite returns.
• 141.207 Declaration and payment of estimated tax required by KRS 141.206.
• 141.208 Treatment of limited liability companies.
• 141.210 Auditing of returns -- Assessment of additional tax -- Taxpayer to notify department of audit of federal income tax returns.
• 141.215 Deferred filing of returns and payment of taxes.
• 141.220 Payment of tax -- When due.
• 141.225 Repealed, 1950.
• 141.230 Repealed, 1954.
• 141.235 Action interfering with collection or payment prohibited -- Limitation on refund of taxes.
• 141.240 Repealed, 1954.
• 141.250 Repealed, 1952.
• 141.260 Repealed, 1952.
• 141.270 Repealed, 1952.
• 141.300 Declaration of estimated tax.
• 141.305 Installment payments of estimated tax.
• 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 Repealed, 1970.
• 141.370 Tables for determining tax to be withheld.
• 141.375 Repealed, 2005.
• 141.380 Repealed, 2005.
• 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 authorized by KRS 148.542 to 148.546.
• 141.384 Nonrefundable tax credit for small businesses.
• 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 nonfirst-time buyers of new homes.
• 141.390 Tax credit for recycling or composting equipment.
• 141.395 Tax credit for construction of research facilities.
• 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.
• 141.402 Taxing provisions governing approved companies under Subchapter 25 of KRS Chapter 154.
• 141.403 Tax credit for company approved 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.
• 141.410 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 Repealed, 2009
• 141.418 Nonrefundable credit for voluntary environmental remediation.
• 141.420 Taxable income of individuals from pass through entities -- Allowable credits from pass through entities -- Determining basis in ownership interest.
• 141.421 Tax incentives for alternative fuel, gasification, and renewable energy facilities.
• 141.422 Definitions for KRS 141.422 to 141.425.
• 141.423 Nonrefundable credit for biodiesel producer, biodiesel blender, or renewable diesel producer.
• 141.424 Biodiesel credit distribution for pass-through entities.
• 141.4242 Nonrefundable credit for producers of ethanol.
• 141.4244 Nonrefundable credit for producers of cellulosic ethanol.
• 141.4246 Ethanol or cellulosic ethanol credit distribution for pass-through entities.
• 141.4248 Transfer of unused ethanol or cellulosic ethanol tax credit caps established by KRS 141.4242 and 141.4244.
• 141.425 Authorization for administrative regulations to administer biodiesel credit.
• 141.428 Kentucky Clean Coal Incentive Act -- Definitions -- Tax credit -- Administrative regulations.
• 141.430 Calculation of income tax credit for approved companies -- Administrative regulations.
• 141.432 Definitions for KRS 141.432 to 141.434.
• 141.433 Application for New Markets Development Program tax credit.
• 141.434 New Markets Development Program tax credit.
• 141.435 Definitions for KRS 141.435 to 141.437.
• 141.436 Tax credit for installation of energy efficiency products for residential and commercial property -- Administrative regulations -- Reports.
• 141.437 Tax credit for construction of ENERGY STAR home or sale of ENERGY STAR manufactured home -- Required verification -- Reports.
• 141.438 Endow Kentucky tax credit.
• 141.440 Designation of income tax refund to child victims' trust fund.
• 141.442 Repealed, 2005.
• 141.444 Designation of income tax refund to veterans' program trust fund.
• 141.446 Designation of income tax refund to breast cancer research and education trust fund.
• 141.450 Public policy.
• 141.455 Designation of income tax refund to nongame species protection and natural areas acquisition programs.
• 141.460 Space on form for designation.
• 141.465 Apportionment of funds -- Funds to be placed in interest-bearing account.
• 141.470 Use of funds apportioned to the nature preserves fund.
• 141.475 Rules and regulations.
• 141.480 Designation provisions void, when.
• 141.985 Interest on tax not paid by date due.
• 141.990 Penalties.