Last Updated July 23, 2012
Enactments through the 2012 Extraordinary Session
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Terms & Conditions
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KRS Chapter 141.00
Terms & Conditions
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.010 Definitions for chapter.
.0101 Depreciation methods and transitional rules.
.0105 Repealed, effective January 1, 2006.
.011 Casualty losses -- Net operating losses.
.012 Repealed, 2006.
.013 Repealed, 1974.
.014 Disposition of receipts under chapter.
.015 Repealed, 1954.
.016 Reporting federal adjusted gross income attributed to husband and wife -- Allocation of income and business deductions between husband and wife.
.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.
.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.
.0201 Artistic charitable contributions deduction for individuals.
.0202 Deduction of leasehold interest of property contributed as living quarters for homeless persons.
.0205 Priority of application and use of tax credits.
.021 Federal and local government annuities excluded from gross income -- Taxability after December 31, 1997.
.0215 Inclusion in gross income of government retirement payments after December 31, 1997 -- Computation.
.022 Repealed, 1962.
.023 Optional tax tables.
.025 Repealed, 1976.
.030 Levy of income tax on estates, trusts and fiduciaries -- Liability of fiduciaries.
.040 Corporation income tax -- Exemption -- Rate.
.0401 Limited liability entity tax -- Exemptions -- Rate.
.0405 Coal incentive tax credit for electric power generation and alternative fuel or gasification facilities -- Procedure for claiming credit -- Priority of application.
.0406 Time frame for claiming coal incentive tax credit allowed under KRS 141.0405.
.041 Tax credit for corporations for installing, modifying or utilizing coal for manufacturing or heating.
.042 Declaration of estimated corporation and limited liability pass-through entity tax.
.044 Payment of estimated corporation tax.
.046 Repealed, 1970.
.050 Federal interpretations applicable, when -- Taxpayer record -- Subpoenas -- Forms -- Regulations.
.055 Repealed, 1954.
.060 Repealed, 1956.
.062 Premiums paid for health insurance to be treated as income tax credit.
.065 Credit allowed for hiring person classified as unemployed.
.066 Definitions -- Nonrefundable "low income" tax credit.
.067 Household and dependent care service credit.
.068 Definitions -- Determination of tax credits under KRS 154.20-258.
.069 Credit allowed for tuition at eligible educational institution.
.070 Credits allowed individuals for tax paid to other states.
.071 Definition -- Right to designate portion of tax to political party.
.072 Designation of party -- Certification and remittance to state and county party organizations.
.073 Rules and regulations.
.075 Repealed, 1954.
.080 Repealed, 1954.
.081 Optional standard deduction for individuals -- Exception.
.082 Repealed, 1976.
.083 Repealed, 1954.
.084 Repealed, 1954.
.085 Repealed, 1954.
.090 Repealed, 1954.
.095 Repealed, 1954.
.096 Repealed, 1954.
.100 Repealed, 1954.
.110 Repealed, 1954.
.120 Division of income of interstate business for tax purposes -- Apportionment.
.121 Special rules for apportioning business income -- Management of a treasury function -- Passenger airlines -- Qualified air freight forwarders.
.124 Repealed, 1966.
.125 Repealed, 1954.
.130 Liability for tax on discontinuation of business.
.140 Accounting period for computation of income.
.150 Reports of income payments to others.
.160 When returns for income tax are due -- Forms -- Copy of federal return may be required -- Returns for cooperatives.
.170 Extension of time for filing returns.
.175 Extension for members of National Guard and reserves serving in combat zones.
.180 Individuals required to make return -- Verification.
.190 Returns of fiduciaries.
.200 Corporation returns -- Requirement of affiliated groups to file consolidated returns.
.205 Disallowance of certain deductions for affiliated entities or related parties.
.206 Filing of returns by pass-through entities -- Withholding requirements on owners of pass-through entities -- Apportionment issues for pass-through entities -- Composite returns.
.207 Declaration and payment of estimated tax required by KRS 141.206.
.208 Treatment of limited liability companies.
.210 Auditing of returns -- Assessment of additional tax -- Taxpayer to notify department of audit of federal income tax returns.
.215 Deferred filing of returns and payment of taxes.
.220 Payment of tax -- When due.
.225 Repealed, 1950.
.230 Repealed, 1954.
.235 Action interfering with collection or payment prohibited -- Limitation on refund of taxes.
.240 Repealed, 1954.
.250 Repealed, 1952.
.260 Repealed, 1952.
.270 Repealed, 1952.
.300 Declaration of estimated tax.
.305 Installment payments of estimated tax.
.310 Withholding of tax from wages paid by employer.
.315 Department to promulgate regulations governing certain types of wage payments.
.320 Remuneration paid by an employer deemed wages.
.325 Withholding exemptions -- Certificates.
.330 Employers to file quarterly returns and make payments -- Liability -- Actions -- Lien on property of employer.
.335 Annual withholding statement to be furnished employee.
.340 Liability of employer for tax payment -- Corporate officers, managers of limited liability companies, and partners of registered limited liability partnerships personally liable.
.345 Refund or credit in case of overpayment.
.347 Computation of income tax credit.
.350 Credit of amount withheld against tax imposed by KRS 141.020 for same taxable year.
.355 Crediting of overpayment and refund of balance -- Withholding in excess of tax imposed by KRS 141.020, when considered overpayment.
.360 Repealed, 1970.
.370 Tables for determining tax to be withheld.
.375 Repealed, 2005.
.380 Repealed, 2005.
.381 Nonrefundable tax credit for entities participating in the Metropolitan College.
.382 Refundable or transferable tax credit for qualified rehabilitation expenses for certified historic structure meeting the requirements of KRS 171.396 and 171.397.
.383 Refundable tax credit for motion picture or entertainment production expenses authorized by KRS 148.542 to 148.546.
.384 Nonrefundable tax credit for small businesses.
.385 Nonrefundable tax credit for railroad improvement.
.386 Nonrefundable tax credit for railroad expansion or upgrade to accommodate transportation of fossil energy resources or biomass resources.
.387 No carry forward permitted for tax credits provided by KRS 141.385 and 141.386 -- Claims for credits.
.388 Nonrefundable tax credit for new home purchases.
.390 Tax credit for recycling or composting equipment.
.395 Tax credit for construction of research facilities.
.400 Tax credit for company approved for economic development project under KRS 154.28-010 to 154.28-100.
.401 Tax credit and income tax for companies with economic development projects in qualified zones -- Computation of net income -- Administrative regulations.
.402 Taxing provisions governing approved companies under Subchapter 25 of KRS Chapter 154.
.403 Tax credit for company approved under KRS 154.26-010 to 154.26-100 -- Administrative regulations.
.405 Tax credit for company approved for occupational or skills upgrade training program under KRS 154.12-2084 to 154.12-2089 -- Administrative regulations.
.407 Determination of allowable income tax credit approved company may retain.
.410 Definitions for KRS 141.410 to 141.414.
.412 Tax credit for qualified farming operation.
.414 Computation of tax and credit.
.415 Computation of income tax and credit for approved company.
.416 Repealed, 2009
.418 Nonrefundable credit for voluntary environmental remediation.
.420 Taxable income of individuals from pass through entities -- Allowable credits from pass through entities -- Determining basis in ownership interest.
.421 Tax incentives for alternative fuel, gasification, and renewable energy facilities.
Alternative Fuel Producer Tax Credits
.422 Definitions for KRS 141.422 to 141.425.
.423 Nonrefundable credit for biodiesel producer, biodiesel blender, or renewable diesel producer.
.424 Biodiesel credit distribution for pass-through entities.
.4242 Nonrefundable credit for producers of ethanol.
.4244 Nonrefundable credit for producers of cellulosic ethanol.
.4246 Ethanol or cellulosic ethanol credit distribution for pass-through entities.
.4248 Transfer of unused ethanol or cellulosic ethanol tax credit caps established by KRS 141.4242 and 141.4244.
.425 Authorization for administrative regulations to administer biodiesel credit.
.428 Kentucky Clean Coal Incentive Act -- Definitions -- Tax credit -- Administrative regulations.
.430 Calculation of income tax credit for approved companies -- Administrative regulations.
New Markets Development Program Tax Credit
.432 Definitions for KRS 141.432 to 141.434.
.433 Application for New Markets Development Program tax credit.
.434 New Markets Development Program tax credit.
Energy Efficiency Products and Homes Tax Credit
.435 Definitions for KRS 141.435 to 141.437.
.436 Tax credit for installation of energy efficiency products for residential and commercial property -- Administrative regulations -- Reports.
.437 Tax credit for construction of ENERGY STAR home or sale of ENERGY STAR manufactured home -- Required verification -- Reports.
.438 Endow Kentucky tax credit.
.440 Designation of income tax refund to child victims' trust fund.
.442 Repealed, 2005.
.444 Designation of income tax refund to veterans' program trust fund.
.446 Designation of income tax refund to breast cancer research and education trust fund.
.448 Designation of income tax refund to farms to food banks trust fund.
Nongame Species and Habitat Acquisition Programs
.450 Public policy.
.455 Designation of income tax refund to nongame species protection and natural areas acquisition programs.
.460 Space on form for designation.
.465 Apportionment of funds -- Funds to be placed in interest-bearing account.
.470 Use of funds apportioned to the nature preserves fund.
.475 Rules and regulations.
.480 Designation provisions void, when.
Interest and Penalties
.985 Interest on tax not paid by date due.