Kentucky Statutes 141.387 – No carry forward permitted for tax credits provided by KRS 141.385 and 141.386 — Claims for credits
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(1) The tax credits established by KRS § 141.385 and 141.386 shall not be carried forward to a return for any other period.
(2) If an expenditure by a taxpayer qualifies for credits under more than one (1) of the provisions of KRS § 141.385 and KRS § 141.386, the taxpayer may claim credit under one (1) section only.
Effective: June 26, 2009
History: Created 2009 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 71, effective June 26,
2009.
(2) If an expenditure by a taxpayer qualifies for credits under more than one (1) of the provisions of KRS § 141.385 and KRS § 141.386, the taxpayer may claim credit under one (1) section only.
Effective: June 26, 2009
History: Created 2009 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 71, effective June 26,
2009.