Chapter 141 - INCOME TAXES

Section 141.010 - Definitions for chapter for taxable years beginning on or after January 1, 2018
Section 141.0101 - Depreciation methods and transitional rules
Section 141.0105 - [Repealed]
Section 141.011 - Casualty losses - Net operating losses
Section 141.012 - [Repealed]
Section 141.013 - [Repealed]
Section 141.014 - Disposition of receipts under chapter
Section 141.015 - [Repealed]
Section 141.016 - Reporting federal adjusted gross income attributed to husband and wife - Allocation of income and business deductions between husband and wife
Section 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
Section 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
Section 141.019 - Calculation of adjusted gross income and net income for taxpayers other than corporations
Section 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
Section 141.0201 - Artistic charitable contributions deduction for individuals
Section 141.0202 - [Repealed]
Section 141.0205 - Priority of application and use of tax credits
Section 141.021 - Federal and local government annuities excluded from gross income - Taxability after December 31, 1997
Section 141.0215 - Inclusion in gross income of government retirement payments after December 31, 1997 - Computation
Section 141.022 - [Repealed]
Section 141.023 - Optional tax tables
Section 141.025 - [Repealed]
Section 141.030 - Levy of income tax on estates, trusts and fiduciaries - Liability of fiduciaries
Section 141.039 - Calculation of gross income and net income for corporations
Section 141.040 - Corporation income tax - Exemptions - Rate
Section 141.0401 - Limited liability entity tax - Exemptions - Rate
Section 141.0405 - [Repealed]
Section 141.0406 - [Repealed]
Section 141.041 - Tax credit for corporations for installing, modifying or utilizing coal for manufacturing or heating
Section 141.042 - [Repealed]
Section 141.044 - Payment of estimated tax by corporations and pass-through entities - Refund of taxes - Administrative regulations
Section 141.046 - [Repealed]
Section 141.050 - Federal interpretations applicable, when - Taxpayer record - Subpoenas - Forms - Regulations
Section 141.055 - [Repealed]
Section 141.060 - [Repealed]
Section 141.062 - Premiums paid for health insurance to be treated as income tax credit
Section 141.063 - Skills training investment credits allowed by KRS 154.12-204 to 154.12-208 - Application to income tax obligations - Annual report
Section 141.065 - Credit allowed for hiring person classified as unemployed
Section 141.066 - Definitions - Nonrefundable low income, family size, and income gap tax credits
Section 141.067 - Household and dependent care service credit
Section 141.068 - Definitions - Determination of tax credits under KRS 154.20-258
Section 141.069 - Credit allowed for tuition at eligible educational institution
Section 141.070 - Credits allowed individuals for tax paid to other states
Section 141.071 - Definition - Right to designate portion of tax to political party
Section 141.072 - Designation of party - Certification and remittance to state and county party organizations
Section 141.073 - Rules and regulations
Section 141.075 - [Repealed]
Section 141.080 - [Repealed]
Section 141.081 - Optional standard deduction for individuals - Exception
Section 141.082 - [Repealed]
Section 141.083 - [Repealed]
Section 141.084 - [Repealed]
Section 141.085 - [Repealed]
Section 141.090 - [Repealed]
Section 141.095 - [Repealed]
Section 141.096 - [Repealed]
Section 141.100 - [Repealed]
Section 141.110 - [Repealed]
Section 141.120 - Division of income of interstate business for tax purposes - Apportionment
Section 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
Section 141.124 - [Repealed]
Section 141.125 - [Repealed]
Section 141.130 - Liability for tax on discontinuation of business
Section 141.140 - Accounting period for computation of income
Section 141.150 - Reports of income payments to others
Section 141.160 - When returns for income tax are due - Forms - Copy of federal return may be required - Returns for cooperatives
Section 141.170 - Extension of time for filing returns
Section 141.175 - Extension for members of Armed Forces serving in combat zones
Section 141.180 - Individuals required to make return - Verification
Section 141.190 - Returns of fiduciaries
Section 141.200 - Corporation returns - Requirement of affiliated groups to file consolidated returns
Section 141.201 - Corporation returns - Election of affiliated groups to file consolidated returns - Taxable years beginning on or after January 1, 2019
Section 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
Section 141.205 - Disallowance of certain deductions for affiliated entities or related parties
Section 141.206 - Filing of returns by pass-through entities - Withholding requirements on owners of pass-through entities - Apportionment issues for pass-through entities
Section 141.207 - Calculation of estimated tax required by KRS 141.206 for nonresident individuals - Payment of estimated tax
Section 141.208 - Treatment of limited liability companies
Section 141.209 - Annual election to have tax under KRS 141.020 imposed on pass-through entity - Refundable tax credit - Report to owner - Administrative regulations
Section 141.210 - Auditing of returns - Assessment of additional tax
Section 141.211 - Audits performed and additional tax assessed at the partnership level
Section 141.215 - Deferred filing of returns and payment of taxes
Section 141.220 - Payment of tax - When due
Section 141.225 - [Repealed]
Section 141.230 - [Repealed]
Section 141.235 - Action interfering with collection or payment prohibited - Limitation on refund of taxes
Section 141.240 - [Repealed]
Section 141.250 - [Repealed]
Section 141.260 - [Repealed]
Section 141.270 - [Repealed]
Section 141.300 - [Repealed]
Section 141.305 - Estimated income tax payments - Administrative regulations
Section 141.310 - Withholding of tax from wages paid by employer
Section 141.315 - Department to promulgate regulations governing certain types of wage payments
Section 141.320 - Remuneration paid by an employer deemed wages
Section 141.325 - Withholding exemptions - Certificates
Section 141.330 - Employers to file quarterly returns and make payments - Liability - Actions - Lien on property of employer
Section 141.335 - Annual withholding statement to be furnished employee
Section 141.340 - Liability of employer for tax payment - Corporate officers, managers of limited liability companies, and partners of registered limited liability partnerships personally liable
Section 141.345 - Refund or credit in case of overpayment
Section 141.347 - Computation of income tax credit
Section 141.350 - Credit of amount withheld against tax imposed by KRS 141.020 for same taxable year
Section 141.355 - Crediting of overpayment and refund of balance - Withholding in excess of tax imposed by KRS 141.020, when considered overpayment
Section 141.360 - [Repealed]
Section 141.370 - Tables for determining tax to be withheld
Section 141.375 - [Repealed]
Section 141.380 - [Repealed]
Section 141.381 - Nonrefundable tax credit for entities participating in the Metropolitan College
Section 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
Section 141.383 - Refundable tax credit for motion picture or entertainment production expenses - Reporting
Section 141.384 - Nonrefundable tax credit for small businesses
Section 141.3841 - Selling farmers tax credit
Section 141.385 - Nonrefundable tax credit for railroad improvement
Section 141.386 - Nonrefundable tax credit for railroad expansion or upgrade to accommodate transportation of fossil energy resources or biomass resources
Section 141.387 - No carry forward permitted for tax credits provided by KRS 141.385 and 141.386 - Claims for credits
Section 141.388 - [Repealed]
Section 141.389 - Nonrefundable and nontransferable distilled spirits ad valorem tax credit - 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
Section 141.390 - Tax credit for recycling or composting equipment - Report
Section 141.392 - [Repealed]
Section 141.395 - Tax credit for construction of research facilities
Section 141.396 - Nonrefundable angel investor tax credit against individual income tax - Carry forward - Transfer of credit - Recapture of credit - Data reporting requirements
Section 141.398 - Development area tax credit - Annual report
Section 141.400 - Tax credit for company approved for economic development project under KRS 154.28-010 to 154.28-100
Section 141.401 - [Repealed]
Section 141.402 - Taxing provisions governing approved companies under Subchapter 25 of KRS Chapter 154
Section 141.403 - Tax credit for company approved on or before June 30, 2021, under KRS 154.26-010 to 154.26-100 - Administrative regulations
Section 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
Section 141.407 - Determination of allowable income tax credit approved company may retain
Section 141.408 - Inventory tax credit - Applies on or after January 1, 2018 - Pass-through entities, allowable credit - Annual report
Section 141.410 - Definitions for KRS 141.410 to 141.414
Section 141.412 - Tax credit for qualified farming operation
Section 141.414 - Computation of tax and credit
Section 141.415 - Computation of income tax and credit for approved company
Section 141.416 - [Repealed]
Section 141.418 - Nonrefundable credit for voluntary environmental remediation
Section 141.419 - [Newly enacted section not yet numbered] Definitions for section - Refundable credit for qualifying expenditures at qualifying decontamination property - Administrative regulations - Reporting
Section 141.420 - [Repealed]
Section 141.421 - Tax incentives for alternative fuel, gasification, and renewable energy facilities
ALTERNATIVE FUEL PRODUCER TAX CREDITS (§§ 141.422 — 141.430)
NEW MARKETS DEVELOPMENT PROGRAM TAX CREDIT (§§ 141.432 — 141.434)
ENERGY EFFICIENCY PRODUCTS AND HOMES TAX CREDIT (§§ 141.435 — 141.438)
REFUND DESIGNATIONS (§§ 141.440 — 141.449)
EDUCATION OPPORTUNITY ACCOUNT PROGRAM (§§ 141.450 — 141.528)
INTEREST AND PENALTIES (§§ 141.900 — 141.990)
Section 141.NEW - [Newly enacted section not yet numbered]