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us-ky/statute/11/141/069 — Axiom

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

4 rules

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 · 4

Encoded from this provision

us-ky/statute/11/141/069

kentucky_education_tuition_creditKY 11 § 141.069 · derived

KRS 141.069(2)-(4)

name: kentucky_education_tuition_credit
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: KRS 141.069(2)-(4)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-ky/statute/11/141.069
          excerpt: >-
            The credit shall be twenty-five percent (25%) of the federal credit
            allowable
      - path: versions[0].formula
        kind: import
        import:
          target: us-ky:statutes/11/141/069#kentucky_education_tuition_credit_rate
          output: kentucky_education_tuition_credit_rate
          hash: sha256:local
      - path: versions[0].formula
        kind: import
        import:
          target: us-ky:statutes/11/141/069#kentucky_education_tuition_credit_allowed
          output: kentucky_education_tuition_credit_allowed
          hash: sha256:local
versions:
  - effective_from: '2005-01-01'
    formula: >-
      if kentucky_education_tuition_credit_allowed:
      min(tax_computed_under_krs_141_020, kentucky_education_tuition_credit_rate
      * max(0,
      federal_credit_allowable_under_section_25a_for_eligible_kentucky_education_institution_expenses))
      else: 0

kentucky_education_tuition_credit_allowedKY 11 § 141.069 · derived

KRS 141.069(2)-(4)

name: kentucky_education_tuition_credit_allowed
kind: derived
entity: TaxUnit
dtype: Judgment
period: Year
source: KRS 141.069(2)-(4)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-ky/statute/11/141.069
      - path: versions[0].formula
        kind: exception
        source:
          corpus_citation_path: us-ky/statute/11/141.069
          excerpt: shall not be allowed for expenses for graduate level course study
versions:
  - effective_from: '2005-01-01'
    formula: >-
      qualified_tuition_and_related_expenses_required_for_enrollment_or_attendance_at_eligible_kentucky_education_institution

      and not expenses_are_for_graduate_level_course_study

      and (not taxpayer_is_married_individual_under_section_7703 or
      taxpayer_and_spouse_file_joint_return_or_separately_on_combined_form)

      and not taxpayer_and_spouse_file_separate_returns

kentucky_education_tuition_credit_carryforward_yearsKY 11 § 141.069 · parameter

KRS 141.069(5)

name: kentucky_education_tuition_credit_carryforward_years
kind: parameter
dtype: Count
source: KRS 141.069(5)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-ky/statute/11/141.069
          excerpt: carried forward five (5) years
versions:
  - effective_from: '2005-01-01'
    formula: '5'

kentucky_education_tuition_credit_rateKY 11 § 141.069 · parameter

KRS 141.069(2)

name: kentucky_education_tuition_credit_rate
kind: parameter
dtype: Rate
source: KRS 141.069(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-ky/statute/11/141.069
          excerpt: twenty-five percent (25%)
versions:
  - effective_from: '2005-01-01'
    formula: '0.25'

▸rulespec code

Shown source

statutes/11/141

Displaying the canonical repository encoding.

View on GitHub

Rules

kentucky_education_tuition_credit

Derived

source: KRS 141.069(2)-(4)

- name: kentucky_education_tuition_credit
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: KRS 141.069(2)-(4)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-ky/statute/11/141.069
            excerpt: The credit shall be twenty-five percent (25%) of the federal credit allowable
        - path: versions[0].formula
          kind: import
          import:
            target: us-ky:statutes/11/141/069#kentucky_education_tuition_credit_rate
            output: kentucky_education_tuition_credit_rate
            hash: sha256:local
        - path: versions[0].formula
          kind: import
          import:
            target: us-ky:statutes/11/141/069#kentucky_education_tuition_credit_allowed
            output: kentucky_education_tuition_credit_allowed
            hash: sha256:local
  versions:
    - effective_from: '2005-01-01'
      formula: >-
        if kentucky_education_tuition_credit_allowed: min(tax_computed_under_krs_141_020,
        kentucky_education_tuition_credit_rate * max(0,
        federal_credit_allowable_under_section_25a_for_eligible_kentucky_education_institution_expenses))
        else: 0

kentucky_education_tuition_credit_allowed

Derived

source: KRS 141.069(2)-(4)

- name: kentucky_education_tuition_credit_allowed
  kind: derived
  entity: TaxUnit
  dtype: Judgment
  period: Year
  source: KRS 141.069(2)-(4)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-ky/statute/11/141.069
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us-ky/statute/11/141.069
            excerpt: shall not be allowed for expenses for graduate level course study
  versions:
    - effective_from: '2005-01-01'
      formula: >-
        qualified_tuition_and_related_expenses_required_for_enrollment_or_attendance_at_eligible_kentucky_education_institution

        and not expenses_are_for_graduate_level_course_study

        and (not taxpayer_is_married_individual_under_section_7703 or
        taxpayer_and_spouse_file_joint_return_or_separately_on_combined_form)

        and not taxpayer_and_spouse_file_separate_returns

kentucky_education_tuition_credit_carryforward_years

Parameter

source: KRS 141.069(5)

- name: kentucky_education_tuition_credit_carryforward_years
  kind: parameter
  dtype: Count
  source: KRS 141.069(5)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-ky/statute/11/141.069
            excerpt: carried forward five (5) years
  versions:
    - effective_from: '2005-01-01'
      formula: '5'

kentucky_education_tuition_credit_rate

Parameter

source: KRS 141.069(2)

- name: kentucky_education_tuition_credit_rate
  kind: parameter
  dtype: Rate
  source: KRS 141.069(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-ky/statute/11/141.069
            excerpt: twenty-five percent (25%)
  versions:
    - effective_from: '2005-01-01'
      formula: '0.25'

▸citations (1)

References

This rule cites 1 other rule.

KY 11 § 141.020inferredKY › Statutes › Title 11 › § 141.020

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

4 rules

Official source

graph ↗build calculator ↗

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 · 4

Encoded from this provision

us-ky/statute/11/141/069

kentucky_education_tuition_creditKY 11 § 141.069 · derived

KRS 141.069(2)-(4)

name: kentucky_education_tuition_credit
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: KRS 141.069(2)-(4)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-ky/statute/11/141.069
          excerpt: >-
            The credit shall be twenty-five percent (25%) of the federal credit
            allowable
      - path: versions[0].formula
        kind: import
        import:
          target: us-ky:statutes/11/141/069#kentucky_education_tuition_credit_rate
          output: kentucky_education_tuition_credit_rate
          hash: sha256:local
      - path: versions[0].formula
        kind: import
        import:
          target: us-ky:statutes/11/141/069#kentucky_education_tuition_credit_allowed
          output: kentucky_education_tuition_credit_allowed
          hash: sha256:local
versions:
  - effective_from: '2005-01-01'
    formula: >-
      if kentucky_education_tuition_credit_allowed:
      min(tax_computed_under_krs_141_020, kentucky_education_tuition_credit_rate
      * max(0,
      federal_credit_allowable_under_section_25a_for_eligible_kentucky_education_institution_expenses))
      else: 0

kentucky_education_tuition_credit_allowedKY 11 § 141.069 · derived

KRS 141.069(2)-(4)

name: kentucky_education_tuition_credit_allowed
kind: derived
entity: TaxUnit
dtype: Judgment
period: Year
source: KRS 141.069(2)-(4)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-ky/statute/11/141.069
      - path: versions[0].formula
        kind: exception
        source:
          corpus_citation_path: us-ky/statute/11/141.069
          excerpt: shall not be allowed for expenses for graduate level course study
versions:
  - effective_from: '2005-01-01'
    formula: >-
      qualified_tuition_and_related_expenses_required_for_enrollment_or_attendance_at_eligible_kentucky_education_institution

      and not expenses_are_for_graduate_level_course_study

      and (not taxpayer_is_married_individual_under_section_7703 or
      taxpayer_and_spouse_file_joint_return_or_separately_on_combined_form)

      and not taxpayer_and_spouse_file_separate_returns

kentucky_education_tuition_credit_carryforward_yearsKY 11 § 141.069 · parameter

KRS 141.069(5)

name: kentucky_education_tuition_credit_carryforward_years
kind: parameter
dtype: Count
source: KRS 141.069(5)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-ky/statute/11/141.069
          excerpt: carried forward five (5) years
versions:
  - effective_from: '2005-01-01'
    formula: '5'

kentucky_education_tuition_credit_rateKY 11 § 141.069 · parameter

KRS 141.069(2)

name: kentucky_education_tuition_credit_rate
kind: parameter
dtype: Rate
source: KRS 141.069(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-ky/statute/11/141.069
          excerpt: twenty-five percent (25%)
versions:
  - effective_from: '2005-01-01'
    formula: '0.25'

▸rulespec code

Shown source

statutes/11/141

Displaying the canonical repository encoding.

View on GitHub

Rules

kentucky_education_tuition_credit

Derived

source: KRS 141.069(2)-(4)

- name: kentucky_education_tuition_credit
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: KRS 141.069(2)-(4)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-ky/statute/11/141.069
            excerpt: The credit shall be twenty-five percent (25%) of the federal credit allowable
        - path: versions[0].formula
          kind: import
          import:
            target: us-ky:statutes/11/141/069#kentucky_education_tuition_credit_rate
            output: kentucky_education_tuition_credit_rate
            hash: sha256:local
        - path: versions[0].formula
          kind: import
          import:
            target: us-ky:statutes/11/141/069#kentucky_education_tuition_credit_allowed
            output: kentucky_education_tuition_credit_allowed
            hash: sha256:local
  versions:
    - effective_from: '2005-01-01'
      formula: >-
        if kentucky_education_tuition_credit_allowed: min(tax_computed_under_krs_141_020,
        kentucky_education_tuition_credit_rate * max(0,
        federal_credit_allowable_under_section_25a_for_eligible_kentucky_education_institution_expenses))
        else: 0

kentucky_education_tuition_credit_allowed

Derived

source: KRS 141.069(2)-(4)

- name: kentucky_education_tuition_credit_allowed
  kind: derived
  entity: TaxUnit
  dtype: Judgment
  period: Year
  source: KRS 141.069(2)-(4)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-ky/statute/11/141.069
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us-ky/statute/11/141.069
            excerpt: shall not be allowed for expenses for graduate level course study
  versions:
    - effective_from: '2005-01-01'
      formula: >-
        qualified_tuition_and_related_expenses_required_for_enrollment_or_attendance_at_eligible_kentucky_education_institution

        and not expenses_are_for_graduate_level_course_study

        and (not taxpayer_is_married_individual_under_section_7703 or
        taxpayer_and_spouse_file_joint_return_or_separately_on_combined_form)

        and not taxpayer_and_spouse_file_separate_returns

kentucky_education_tuition_credit_carryforward_years

Parameter

source: KRS 141.069(5)

- name: kentucky_education_tuition_credit_carryforward_years
  kind: parameter
  dtype: Count
  source: KRS 141.069(5)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-ky/statute/11/141.069
            excerpt: carried forward five (5) years
  versions:
    - effective_from: '2005-01-01'
      formula: '5'

kentucky_education_tuition_credit_rate

Parameter

source: KRS 141.069(2)

- name: kentucky_education_tuition_credit_rate
  kind: parameter
  dtype: Rate
  source: KRS 141.069(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-ky/statute/11/141.069
            excerpt: twenty-five percent (25%)
  versions:
    - effective_from: '2005-01-01'
      formula: '0.25'

▸citations (1)

References

This rule cites 1 other rule.

KY 11 § 141.020inferredKY › Statutes › Title 11 › § 141.020