Kentucky Revised Statutes, Chapter 141 (Income Taxes) — selected sections

1 rule

Sections 141.020, 141.067, 141.069, and 141.081, from the official Kentucky Legislature statute PDFs. Chapter index: https://apps.legislature.ky.gov/law/statutes/chapter.aspx?id=37674 .

in view

Whole section

Encodings · 1

Encoded from this provision

us-ky/statute/11/141/020

part_year_resident_allowable_tax_creditsKY 11 § 141.020 (c) · derived

141.020(c)

name: part_year_resident_allowable_tax_credits
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: 141.020(c)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-ky/statute/11/141.020
          excerpt: >-
            part-year resident... portion of the credits represented by the
            ratio of the taxpayer's Kentucky adjusted gross income... to the
            taxpayer's adjusted gross income
versions:
  - effective_from: '0001-01-01'
    formula: >-
      max(0,
      tax_credits_allowable_under_subsection_3_before_part_year_resident_proration
      * kentucky_adjusted_gross_income_determined_under_krs_141_019 /
      federal_adjusted_gross_income)

▸rulespec code

Shown source

statutes/11/141

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Rules

part_year_resident_allowable_tax_credits

Derived(c) in text ↖

source: 141.020(c)

- name: part_year_resident_allowable_tax_credits
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 141.020(c)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-ky/statute/11/141.020
            excerpt: >-
              part-year resident... portion of the credits represented by the ratio of the
              taxpayer's Kentucky adjusted gross income... to the taxpayer's adjusted gross income
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        max(0, tax_credits_allowable_under_subsection_3_before_part_year_resident_proration *
        kentucky_adjusted_gross_income_determined_under_krs_141_019 / federal_adjusted_gross_income)

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