Kentucky Statutes 141.067 – Household and dependent care service credit
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A resident individual may deduct from the tax computed under the provisions of KRS
141.020 a credit for household and dependent care services necessary for gainful employment. The credit shall be twenty percent (20%) of the federal credit allowed under Section 21 of the Internal Revenue Code.
Effective: April 11, 1990
History: Created 1990 Ky. Acts ch. 476, Pt. VII D, sec. 637, effective April 11, 1990.
141.020 a credit for household and dependent care services necessary for gainful employment. The credit shall be twenty percent (20%) of the federal credit allowed under Section 21 of the Internal Revenue Code.
Terms Used In Kentucky Statutes 141.067
- Federal: refers to the United States. See Kentucky Statutes 446.010
- Individual: means a natural person. See Kentucky Statutes 141.010
- Internal Revenue Code: means for taxable years beginning on or after January 1,
2023, the Internal Revenue Code in effect on December 31, 2022, exclusive of any amendments made subsequent to that date, other than amendments that extend provisions in effect on December 31, 2022, that would otherwise terminate. See Kentucky Statutes 141.010 - Resident: means an individual domiciled within this state or an individual who is not domiciled in this state, but maintains a place of abode in this state and spends in the aggregate more than one hundred eighty-three (183) days of the taxable year in this state. See Kentucky Statutes 141.010
Effective: April 11, 1990
History: Created 1990 Ky. Acts ch. 476, Pt. VII D, sec. 637, effective April 11, 1990.