103 KAR 3:040E
This emergency administrative regulation is being promulgated in order to provide Kentucky taxpayers the forms and information necessary to comply with Kentucky tax laws. This administrative regulation must be filed as soon as possible in order to incorporate by reference such tax forms and instructions as may be needed by taxpayers and their representative to comply with Kentucky tax laws. An ordinary administrative regulation is not sufficient, because the public relies on these forms and instructions in order to make timely and accurate filing of tax returns and payment of the correct amount of tax due. This emergency administrative regulation shall be replaced by an ordinary administrative regulation which is being filed with the Regulations Compiler along with this emergency administrative regulation. The ordinary administrative regulation is identical to this emergency administrative regulation.
STEVEN L. BESHEAR, Governor
THOMAS B. MILLER, Commissioner
FINANCE AND ADMINISTRATION CABINET
Department of Revenue
Office of Income Taxation
(Emergency Amendment)
103 KAR 3:040E. Income Tax Forms Manual.
RELATES TO: KRS 131.041, 131.051, 131.061, 131.071, 131.081, 131.110, 131.130, 131.155, 131.170, 131.180, 131.190, 131.250, 131.340, 131.500, 131.510(1), (2)(a), 131.540, 141.010, 141.0101, 141.011, 141.016, 141.020, 141.0202, 141.030, 141.040, 141.0401, 141.0405, 141.041, 141.042, 141.044, 141.062, 141.065, 141.066, 141.067, 141.068, 141.069, 141.070, 141.071, 141.120, 141.121, 141.160, 141.170, 141.180, 141.200, 141.205, 141.206, 141.207, 141.208, 141.300, 141.310, 141.325, 141.330, 141.335, 141.347, 141.370, 141.381, 141.382, 141.383, 141.384, 141.385, 141.386, 141.390, 141.395, 141.400, 141.401, 141.402, 141.403, 141.405, 141.407, 141.412, 141.415, 141.418, 141.420, 141.421, 141.423, 141.424, 141.4242, 141.4244, 141.428, 141.430, 141.434, 141.436, 141.437, 141.438, 141.985, 141.990, 151B.127, 154.12-2086, 154.20-050, 154.22-060, 154.23-035, 154.24-110, 154.25-030, 154.26-090, 154.28-090, 154.32-010, 154.34-080, 154.45-090, 154.48-025, 155.170
STATUTORY AUTHORITY: KRS 131.130(3)
EFFECTIVE: January 15, 2013
NECESSITY, FUNCTION, AND CONFORMITY: KRS 131.130(3) authorizes the Department of Revenue to prescribe forms necessary for the administration of any revenue law by the promulgation of an administrative regulation incorporating the forms by reference. This administrative regulation incorporates by reference the required Revenue Forms used in the administration of income taxes by the Department of Revenue.
Section 1. Corporation Income
Taxes. (1) Revenue Form 41A720, "Form 720, 2012[2011]
Kentucky Corporation Income Tax and LLET Return", shall be used by a C
corporation to determine its corporation income tax due in accordance with KRS
141.040 and its limited liability entity tax due in accordance with KRS
141.0401 for tax years beginning in 2012[2011].
(2) Revenue Form 41A720A, "Schedule A, Apportionment and Allocation (For corporations and pass-through entities taxable both within and without Kentucky)", shall be used by a corporation or a pass-through entity taxable both within and without Kentucky to apportion and allocate its net income to Kentucky in accordance with KRS 141.120 or 141.206.
(3) Revenue Form 41A720A-C, "Schedule A-C, Apportionment and Allocation - Continuation Sheet", shall be used by a corporation or a pass-through entity taxable both within and without Kentucky that is also a partner or member of a pass-through entity to determine the sales, property and payroll amounts to be entered on Revenue Form 41A720A.
(4) Revenue Form 41A720A-N, "Schedule A-N, Apportionment Factor Schedule", shall be used by a corporation filing a mandatory nexus consolidated return to show the Kentucky and total sales, property, and payroll of the corporation and each subsidiary included in the apportionment factor.
(5) Revenue Form 41A720BIO, "Schedule BIO, Application and Credit Certificate of Income Tax/LLET Credit Biodiesel", shall be used by a taxpayer who is a biodiesel producer, biodiesel blender, or renewable diesel producer to report the biodiesel gallons produced or used by the blender and request approval from the Kentucky Department of Revenue of the tax credit amount allowed by KRS 141.423.
(6) Revenue Form 41A720CC, "Schedule CC, Coal Conversion Tax Credit", shall be used by a corporation to compute the tax credit allowed by KRS 141.041 for coal used or substituted for other fuels in an eligible heating facility as described by KRS 141.041(1).
(7) Revenue Form 41A720-CCI, "Schedule CCI, Application and Credit Certificate of Clean Coal Incentive Tax Credit", shall be used by a taxpayer to request approval from the Department of Revenue of the tax credit amount allowed by KRS 141.428 for the purchase of Kentucky coal used by the taxpayer to generate electricity.
(8) Revenue Form 41A720CELL, "Schedule CELL, Application and Credit Certificate of Income Tax/LLET Credit Cellulosic Ethanol", shall be used by a taxpayer who is a producer of cellulosic ethanol to report the number of cellulosic ethanol gallons and request approval from the Department of Revenue of the tax credit amount allowed by KRS 141.4244.
(9) Revenue Form 41A720-Cl, "Schedule CI, Application for Coal Incentive Tax Credit", shall be used by a taxpayer to request approval for the amount of tax credit allowed by KRS 141.0405 for the purchase of Kentucky coal used by the taxpayer to generate electricity.
(10) Revenue Form 41A720CR, "Schedule CR, Pro Forma Federal Consolidated Return Schedule", shall be used by a C corporation filing a consolidated return to show its federal pro forma consolidated return.
(11) Revenue Form 41A720CR-C, "Schedule CR-C, Pro Forma Federal Consolidated Return Schedule Continuation Sheet", shall be used by a C corporation filing a consolidated return as a continuation of Revenue Form 41A720CR.
(12) Revenue Form 41A720ES,
"Form 720-ES Kentucky, 2013[2012] Corporation Income/Limited
Liability Entity Tax Estimated Tax Voucher", shall be used by a
corporation or a limited liability pass-through entity to submit payments of
estimated corporation income or limited liability entity tax as required by KRS
141.044.
(13) Revenue Form 41A720ETH, "Schedule ETH, Application and Credit Certificate of Income Tax/LLET Credit Ethanol", shall be used by a taxpayer who is a producer of ethanol to report ethanol gallons produced and request approval from the Kentucky Department of Revenue of the tax credit amount allowed by KRS 141.4242.
(14) Revenue Form 41A720EZC, "Schedule EZC, Enterprise Zone Tax Credit", shall be used by a qualified taxpayer to determine the tax credit allowed by KRS 154.45-090.
(15) Revenue Form 41A720HH, "Schedule HH, Kentucky Housing for Homeless Families Deduction", shall be used by an individual, corporation, fiduciary, or pass-through entity to determine the deduction allowed by KRS 141.0202.
(16) Revenue Form 41A720(I),
"Instructions, 2012[2011] Kentucky Corporation Income Tax
and LLET Return", shall be used by a corporation to file its 2012[2011]
Kentucky Corporation Income Tax and LLET Return and related schedules.
(17) Revenue Form 41A720KCR, "Schedule KCR, Kentucky Consolidated Return Schedule", shall be used by a C corporation filing a nexus consolidated return showing the income or loss of each entity included in the nexus consolidated tax return.
(18) Revenue Form 41A720KCR-C, "Schedule KCR-C, Kentucky Consolidated Return Schedule - Continuation Sheet", shall be used by a C corporation filing a nexus consolidated return as a continuation of Revenue Form 41A720KCR.
(19) Revenue Form 41A720KESA, "Schedule KESA, Tax Credit Computation Schedule (For a KESA Project of a Corporation)", shall be used by a corporation which has entered into an agreement for a Kentucky Environmental Stewardship Act (KESA) project to determine the credit allowed against its Kentucky income tax liability and limited liability entity tax liability in accordance with KRS 141.430.
(20) Revenue Form 41A720KESA-SP, "Schedule KESA-SP, Tax Credit Computation Schedule (For a KESA Project of a Pass-Through Entity)", shall be used by a pass-through entity which has entered into an agreement for a Kentucky Environmental Stewardship Act (KESA) project to determine the credit allowed against its Kentucky income tax liability and limited liability entity tax liability in accordance with KRS 141.430.
(21) Revenue Form 41A720KESA-T, "Schedule KESA-T, Tracking Schedule for a KESA Project", shall be used by a company which has entered into an agreement for a Kentucky Environmental Stewardship Act (KESA) project to maintain a record of the approved costs and tax credits for the duration of the agreement.
(22) Revenue Form 41A720LLET, "Schedule LLET, Limited Liability Entity Tax", shall be used by a corporation or a limited liability pass-through entity to determine the limited liability entity tax in accordance with KRS 141.0401.
(23) Revenue Form 41A720LLET-C, "Schedule LLET-C, Limited Liability Entity Tax - Continuation Sheet", shall be used by a corporation or a limited liability pass-through entity that is a partner in a general partnership organized or formed as a general partnership after January 1, 2006, or a partner or member in a limited liability pass-through entity to determine its Kentucky gross receipts and Kentucky gross profits and its total gross receipts and total gross profits from all sources to be entered on Revenue Form 41A720LLET.
(24) Revenue Form 41A720LLET(K), "Schedule LLET(K), Limited Liability Entity Tax (For a Limited Liability Pass-through Entity with Economic Development Project(s))", shall be used by limited liability pass-through entities with economic development projects to determine the limited liability entity tax.
(25) Revenue Form 41A720LLET(K)-C, "Schedule LLET(K)-C, Limited Liability Entity Tax - Continuation Sheet", shall be used by a limited liability pass-through entity with an economic development project that is a partner or member of a limited liability pass-through entity or a general partnership organized or formed as a general partnership after January 1, 2006, to determine its Kentucky gross receipts and Kentucky gross profits and its total gross receipts and total gross profits from all sources to be entered on Revenue Form 41A720LLET(K).
(26) Revenue Form 41A720NOL, "Schedule NOL, Net Operating Loss Schedule", shall be used by a C corporation with a current year net operating loss or net operating loss carry-forward.
(27) Revenue Form 41A720NOL-CF, "Schedule NOL-CF, Kentucky NOL Carry forward Schedule", shall be used by a corporation filing a nexus consolidated income tax return as provided by KRS 141.200, in addition to Revenue Form 41A720NOL, to show the Kentucky net operating loss (KNOL) carry forward balance for each new member of the affiliated group.
(28) Revenue Form 41A720-O, "Schedule O-720, Other Additions and Subtractions To/From Federal Taxable Income", shall be used by a corporation filing Kentucky Form 720 to show other additions to and subtractions from federal taxable income on Revenue Form 41A720, Part III, Lines 9 and 16, respectively.
(29) Revenue Form 41A720QR, "Schedule QR, Qualified Research Facility Tax Credit", shall be used by a corporation, individual, or pass-through entity to determine the credit against the income tax liability or LLET liability allowed by KRS 141.395.
(30) Revenue Form 41A720RC, "Schedule RC, Application for Income Tax/LLET Credit for Recycling and/or Composting Equipment or Major Recycling Project", shall be used by a taxpayer to request approval for the amount of credit allowed by KRS 141.390 for the purchase and installation of recycling or composting equipment or a major recycling project. This form shall also be used by an individual, corporation, fiduciary, or pass-through entity to substantiate and keep a record of the amount of approved credit claimed on their tax return.
(31) Revenue Form 41A720RC-C, "Schedule RC-C, Schedule RC - Part I Continuation", shall be used by an individual, corporation, fiduciary, or pass-through entity, in addition to Revenue Form 41A720RC, to list additional equipment for which approval of the credit allowed by KRS 141.390 is being requested.
(32) Revenue Form 41A720RC(I), "Instructions for Schedule RC", shall be used by taxpayers filing Revenue Form 41A720RC and Revenue Form 41A720RC-C requesting approval of a tax credit for recycling equipment, composting equipment, or a major recycling project.
(33) Revenue Form 41A720RC-R, "Schedule RC-R, Recycling or Composting Equipment Tax Credit Recapture", shall be used by a taxpayer disposing of recycling or composting equipment before the end of the recapture period to compute the tax credit recaptured to be reported on the applicable tax return.
(34) Revenue Form 41A720RPC, "Schedule RPC, Related Party Disclosure Statement," shall be used by an entity to report related party expenses and the exceptions to the required disallowance of related party expenses as provided by KRS 141.205.
(35) Revenue Form 41A720RR-E, "Schedule RR-E, Application and Credit Certificate of Income Tax/LLET Credit Railroad Expansion", shall be used by a corporation or pass-through entity requesting approval of a railroad expansion tax credit allowed by KRS 141.386.
(36)[(35)] Revenue
Form 41A720RR-I, "Schedule RR-I, Railroad Maintenance and Improvement Tax
Credit", shall be used by a corporation, individual, or pass-through
entity to determine the credit against the income tax liability or LLET
liability allowed by KRS 141.385.
(37)[(36)] Revenue
Form 41A720S, "Form 720S, 2012[2011] Kentucky S Corporation
Income Tax and LLET Return", shall be used by an S corporation to
determine the amount of tax due in accordance with KRS 141.040 and 141.0401 and
to report the shareholders’ share of income, loss, credits, deductions, etc.
for tax years beginning in 2012[2011].
(38)[(37)] Revenue
Form 41A720S(I), "Instructions, 2012[2011] Kentucky S Corporation
Income Tax and LLET Return", shall be used by an S corporation to file its
2012[2011] Kentucky S Corporation Income Tax and LLET Return and
related schedules.
(39)[(38)] Revenue
Form 41A720S(K), "Form 720S(K), Kentucky Schedule K for S Corporations
With Economic Development Project(s)", shall be used for tax years
beginning in 2012[2011] by S Corporations with economic
development projects to determine the shareholders’ shares of income, credit,
deductions, etc., excluding the economic development projects.
(40)[(39)] Revenue
Form 41A720S(K-1), "Schedule K-1 (Form 720S), 2012[2011]
Shareholder’s Share of Income, Credits, Deductions, Etc.", shall be used
by an S corporation to report to each of its shareholders the amount of income,
credit, deduction, etc., that the shareholder shall report for Kentucky income
tax purposes.
(41)[(40)] Revenue
Form 41A720S-O, "Schedule O-PTE, Other Additions and Subtractions To/From
Federal Ordinary Income", shall be used by a pass-through entity filing
Revenue Form 41A720S, Form 41A765, or Form 42A765-GP to show other additions to
and subtractions from federal ordinary income on Revenue Form 41A720S, 41A765,
or 42A765-GP Part I, Lines 5 and 9, respectively.
(42)[(41)] Revenue
Form 41A720SL, "Application for Six-Month Extension of Time to File
Kentucky Corporation or Limited Liability Pass-Through Entity Return",
shall be used by a corporation or a limited liability pass-through entity to
request a six (6) month extension of time to file a tax return or an LLET
return or to submit payment of unpaid tax.
(43)[(42)] Revenue
Form 41A720TCS, "Schedule TCS, Tax Credit Summary Schedule", shall be
used by a corporation or a limited liability pass-through entity to summarize
tax credits claimed and shall be attached to the tax return.
(44)[(43)] Revenue
Form 41A720VERB, "Schedule VERB, Voluntary Environmental Remediation Tax
Credit", shall be used by an entity claiming a tax credit provided by KRS
141.418.
(45)[(44)] Revenue
Form 41A720-S1, "Form 720X, Amended Kentucky Corporation Income Tax and
Corporation License Tax Return", shall be used by a C corporation to amend
its Kentucky Corporation Income and License Tax Return for tax periods
beginning prior to January 1, 2005, as previously filed.
(46)[(45)] Revenue
Form 41A720-S2, "Form 720-AMENDED, Amended Kentucky Corporation Income Tax
Return", shall be used by a C corporation to amend its Kentucky
Corporation Income Tax Return for periods beginning on or after January 1, 2005
and before January 1, 2007, as previously filed.
(47)[(46)] Revenue
Form 41A720-S3, "Form 720-AMENDED (2007-2008), Amended Kentucky
Corporation Income Tax and LLET Return", shall be used by a C corporation
to amend its Kentucky Corporation Income Tax and LLET Return for periods
beginning on or after January 1, 2007 and before January 1, 2009, as previously
filed.
(48)[(47)] Revenue
Form 41A720-S4, "Form 851-K, Kentucky Affiliations and Payment
Schedule", shall be used by a corporation filing a consolidated Kentucky income
tax return on Revenue Form 41A720 to identify the members of the affiliated
group which are subject to the Kentucky corporation tax and to list the amount
of tax paid.
(49)[(48)] Revenue
Form 41A720-S6, "Form 2220-K, Underpayment and Late Payment of Estimated
Income Tax and LLET", shall be used by a corporation or limited liability
pass-through entity required by KRS 141.042 and 141.044 to file a declaration
of estimated tax, to compute the underpayment penalty as provided by KRS
131.180(3) and 141.990, and to compute the interest on any late payment or
underpayment of an estimated tax installment as provided by KRS 131.183(2) and
141.985.
(50)[(49)] Revenue
Form 41A720-S7, "Form 5695-K, Kentucky Energy Efficiency Products Tax
Credit", shall be used by a taxpayer to claim a tax credit for
installation of energy efficiency products for residential and commercial
property as provided by KRS 141.436.
(51)[(50)] Revenue
Form 41A720-S9, "Form 8903-K, Kentucky Domestic Production Activities
Deduction", shall be used by a corporation to determine the Domestic
Production Activities Deduction amount for Kentucky corporation income tax
purposes and shall be attached to the corporation income tax return.
(52)[(51)] Revenue
Form 41A720-S11, "Form 8908-K, Kentucky ENERGY STAR (Homes and
Manufactured Homes) Tax Credit", shall be used by a taxpayer to claim a
tax credit for the construction of an ENERGY STAR home or the sale of an ENERGY
STAR manufactured home as provided by KRS 141.437.
(53)[(52)] Revenue
Form 41A720-S16, "Schedule KREDA, Tax Credit Computation Schedule (For a
KREDA Project of a Corporation)", shall be used by a corporation which has
a Kentucky Rural Economic Development Act (KREDA) project to determine the
credit allowed against its Kentucky corporation income tax liability and limited
liability entity tax liability in accordance with KRS 141.347.
(54)[(53)] Revenue
Form 41A720-S17, "Schedule KREDA-T, Tracking Schedule for a KREDA
Project", shall be used by a company which has a Kentucky Rural Economic
Development Act (KREDA) project to maintain a record of the debt service
payments, wage assessment fees and tax credits for the duration of the project.
(55)[(54)] Revenue
Form 41A720-S18, "Schedule KREDA-SP, Tax Computation Schedule (For a KREDA
Project of a Pass-Through Entity)", shall be used by a pass-through entity
which has a Kentucky Rural Economic Development Act (KREDA) project to determine
the credit allowed against its Kentucky income tax liability and limited
liability entity tax liability in accordance with KRS 141.347.
(56)[(55)] Revenue
Form 41A720-S20, "Schedule KIDA, Tax Credit Computation Schedule (For a
KIDA Project of a Corporation)", shall be used by a corporation which has
a Kentucky Industrial Development Act (KIDA) project to determine the credit
allowed against its Kentucky corporation income tax liability and limited liability
entity tax liability in accordance with KRS 141.400.
(57)[(56)] Revenue
Form 41A720-S21, "Schedule KIDA-T, Tracking Schedule for a KIDA
Project", shall be used by a company which has a Kentucky Industrial
Development Act (KIDA) project to maintain a record of the debt service
payments and tax credits for the duration of the project.
(58)[(57)] Revenue
Form 41A720-S22, "Schedule KIDA-SP, Tax Computation Schedule (For a KIDA
Project of a Pass-Through Entity)", shall be used by a pass-through entity
which has a Kentucky Industrial Development Act (KIDA) project to determine the
credit allowed against its Kentucky income tax liability and limited liability entity
tax liability in accordance with KRS 141.400.
(59)[(58)] Revenue
Form 41A720-S24, "Schedule KIRA, Tax Credit Computation Schedule (For a
KIRA Project of a Corporation)", shall be used by a corporation which has
a Kentucky Industrial Revitalization Act (KIRA) project to determine the credit
allowed against its Kentucky corporation income tax liability and limited liability
entity tax liability in accordance with KRS 141.403.
(60)[(59)] Revenue
Form 41A720-S25, "Schedule KIRA-T, Tracking Schedule for a KIRA
Project", shall be used by a company which has a Kentucky Industrial
Revitalization Act (KIRA) project to maintain a record of the approved costs,
wage assessment fees and tax credits for the duration of the project.
(61)[(60)] Revenue
Form 41A720-S26, "Schedule KIRA-SP, Tax Computation Schedule (For a KIRA
Project of a Pass-Through Entity)", shall be used by a pass-through entity
which has a Kentucky Industrial Revitalization Act (KIRA) project to determine
the credit allowed against its Kentucky income tax liability and limited
liability entity tax liability in accordance with KRS 141.403.
(62)[(61)] Revenue
Form 41A720-S27, "Schedule KJDA, Tax Credit Computation Schedule (For a
KJDA Project of a Corporation)", shall be used by a corporation which has
a Kentucky Jobs Development Act (KJDA) project to determine the credit allowed
against its Kentucky corporation income tax liability and limited liability
entity tax liability in accordance with KRS 141.407.
(63)[(62)] Revenue
Form 41A720-S28, "Schedule KJDA-T, Tracking Schedule for a KJDA
Project", shall be used by a company which has a Kentucky Jobs Development
Act (KJDA) project to maintain a record of the approved costs, wage assessment
fees, in-lieu-of credits and tax credits for the duration of the project.
(64)[(63)] Revenue
Form 41A720-S29, "Schedule KJDA-SP, Tax Computation Schedule (For a KJDA
Project of a Pass-Through Entity)" shall be used by a pass-through entity
which has a Kentucky Jobs Development Act (KJDA) project to determine the credit
allowed against its Kentucky income tax liability and limited liability entity
tax liability in accordance with KRS 141.407.
(65)[(64)] Revenue
Form 41A720-S35, "Schedule KRA, Tax Credit Computation Schedule (For a KRA
Project of a Corporation)", shall be used by a corporation which has
entered into a Kentucky Reinvestment Act (KRA) project to compute the allowable
KRA credit allowed against its Kentucky corporation income tax liability and
limited liability entity tax liability in accordance with KRS 141.415.
(66)[(65)] Revenue
Form 41A720-S36, "Schedule KRA-SP, Tax Computation Schedule (For a KRA
Project of a Pass-Through Entity)", shall be used by a pass-through entity
which has a Kentucky Reinvestment Act (KRA) project to determine the credit allowed
against its Kentucky income tax liability and limited liability entity tax
liability in accordance with KRS 141.415.
(67)[(66)] Revenue
Form 41A720-S37, "Schedule KRA-T, Tracking Schedule For a KRA
Project", shall be used by a company which has entered into a Kentucky
Reinvestment Act (KRA) project to maintain a record of the balance of approved
costs and tax credits for the duration of the agreement.
(68)[(67)] Revenue
Form 41A720-S40, "Schedule KEOZ, Tax Credit Computation Schedule (For a
KEOZ Project of a Corporation)", shall be used by a corporation which has
entered into a Kentucky Economic Opportunity Zone (KEOZ) Act project to compute
the allowable KEOZ credit allowed against its Kentucky corporation income tax
liability and limited liability entity tax liability in accordance with KRS
141.401.
(69)[(68)] Revenue
Form 41A720-S41, "Schedule KEOZ-SP, Tax Computation Schedule (For a KEOZ
Project of a Pass-Through Entity)," shall be used by a pass-through entity
which has entered into a Kentucky Economic Opportunity Zone (KEOZ) Act project
to determine the credit allowed against its Kentucky income tax liability and
limited liability entity tax liability in accordance with KRS 141.401.
(70)[(69)] Revenue
Form 41A720-S42, "Schedule KEOZ-T, Tracking Schedule for a KEOZ
Project", shall be used by a company which has entered into an agreement
for a Kentucky Economic Opportunity Zone (KEOZ) Act project to maintain a
record of the debt service payments, wage assessment fees, approved costs and
tax credits for the duration of the agreement.
(71)[(70)] Revenue
Form 41A720-S45, "Schedule KJRA, Tax Credit Computation Schedule (For a
KJRA Project of a Corporation)", shall be used by a company which has
entered into a Kentucky Jobs Retention Act (KJRA) project to determine the
credit allowed against its Kentucky income tax liability and limited liability
entity tax liability in accordance with KRS 141.402.
(72)[(71)] Revenue
Form 41A720-S46, "Schedule KJRA-T, Tracking Schedule For a KJRA
Project", shall be used by a company which has entered into an agreement
for a Kentucky Jobs Retention Act (KJRA) project to maintain a record of the
debt service payments, wage assessment fees, approved costs, and tax credits
for the duration of the agreement.
(73)[(72)] Revenue
Form 41A720-S47, "Schedule KJRA-SP, Tax Computation Schedule (For a KJRA
Project of a Pass-Through Entity)," shall be used by a pass-through entity
which has entered into a Kentucky Jobs Retention Act (KJRA) project to
determine the credit allowed against its Kentucky income tax liability and limited
liability entity tax liability in accordance with KRS 141.402.
(74)[(73)] Revenue
Form 41A720-S50, "Schedule IEIA, Tax Credit Computation Schedule (For an
IEIA Project of a Corporation)", shall be used by a company which has
entered into an Incentives for Energy Independence Act (IEIA) project to
determine the credit allowed against its Kentucky income tax liability and
limited liability entity tax liability in accordance with KRS 141.421.
(75)[(74)] Revenue
Form 41A720-S51, "Schedule IEIA-T, Tracking Schedule for an IEIA
Project", shall be used by a company which has entered into an Incentives
for Energy Independence Act (IEIA) project to maintain a record of the balance
of approved costs, wage assessments, and tax credits for the duration of the
agreement.
(76)[(75)] Revenue
Form 41A720-S52, "Schedule IEIA-SP, Tax Computation Schedule (For an IEIA
Project of a Pass-Through Entity)," shall be used by a pass-through entity
which has entered into an Incentives for Energy Independence Act (IEIA) project
to determine the credit allowed against its Kentucky income tax liability and
limited liability entity tax liability in accordance with KRS 141.421.
(77)[(76)] Revenue
Form 41A720-S53, "Schedule KBI, Tax Credit Computation Schedule (For a KBI
Project of a Corporation)", shall be used by a corporation which has
entered into a Kentucky Business Investment (KBI) project to compute the
allowable KBI credit allowed against its Kentucky corporation income tax liability
and limited liability entity tax liability in accordance with KRS 141.415.
(78)[(77)] Revenue
Form 41A720-S54, "Schedule KBI-SP, Tax Computation Schedule (For a KBI
Project of a Pass-Through Entity)," shall be used by a pass-through entity
which has entered into a Kentucky Business Investment (KBI) project to
determine the credit allowed against its Kentucky income tax liability and limited
liability entity tax liability in accordance with KRS 141.415.
(79)[(78)] Revenue
Form 41A720-S55, "Schedule KBI-T, Tracking Schedule for a KBI Project",
shall be used by a company which has entered into an agreement for a Kentucky
Business Investment (KBI) project to maintain a record of approved costs, wage
assessments, and tax credits for the duration of the agreement.
(80)[(79)] Revenue
Form 41A720-S80, "Form 8874(K), Application for Certification of Qualified
Equity Investments Eligible for Kentucky New Markets Development Program Tax
Credit", shall be used by a qualified community development entity that
seeks to have an equity investment or long-term debt security certified as a
qualified equity investment eligible for the tax credit provided by KRS
141.434.
(81)[(80)] Revenue
Form 41A720-S81, "Form 8874(K)-A, Notice of Kentucky New Markets
Development Program Tax Credit and Certification", shall be used by a
qualified community development entity to provide proof to the Kentucky
Department of Revenue of the receipt of cash for a taxpayer’s qualified equity
investment.
(82)[(81)] Revenue
Form 41A720-S82, "Form 8874(K)-B, Notice of Kentucky New Markets
Development Program Tax Credit Recapture", shall be used by the Kentucky
Department of Revenue to notify a taxpayer of a recapture of the New Markets
Development Program tax credit.
(83) [(82)] Revenue
Form 41A725, "Form 725, 2012[2011] Kentucky Single Member
LLC Individually Owned LLET Return", shall be used by a single member
individually-owned LLC to file an LLET return in accordance with KRS 141.0401
for tax years beginning in 2012[2011].
(84)[(83)] Revenue
Form 41A725CP, "Schedule CP, Form 725, 2012[2011] Kentucky
Single Member LLC Individually Owned Composite Return Schedule", shall be
used by a single member individual with multiple LLC entities to file LLET
returns in accordance with KRS 141.0401 for tax years beginning in 2012[2011].
(85)[(84)] Revenue
Form 41A725(I), "Instructions, 2012[2011] Kentucky Single Member
LLC Individually Owned LLET Return", shall be used by a single member LLC
individually owned to file its 2012[2011] Kentucky LLET return
and related schedules.
(86)[(85)] Revenue
Form 41A750, "Form 750, Business Development Corporation Tax Return",
shall be used by a corporation organized under the provisions of KRS Chapter
155 to determine its excise tax due in accordance with KRS 155.170 for tax
years beginning in 2012[2011].
(87)[(86)] Revenue
Form 41A765, "Form 765, 2012[2011] Kentucky Partnership Income
and LLET Return", shall be used by an entity taxed as a partnership and
organized as a LLC, LLP or LP to file its Kentucky income and LLET return in
accordance with KRS 141.0401 and 141.206 for tax years beginning in 2012[2011].
(88)[(87)] Revenue
Form 41A765(I), "Instructions, 2012[2011] Kentucky
Partnership Income and LLET Return", shall be used by an entity taxed as a
partnership and organized as a LLC, LLP, or LP to file its 2012[2011]
Kentucky income and LLET return and related schedules.
(89)[(88)] Revenue
Form 41A765(K), "Form 765(K), Kentucky Schedule K For Partnerships With
Economic Development Project(s)", shall be used for tax years beginning in
2012[2011] by partnerships with economic development projects to
determine the partners’ share of income, credits, deductions, etc., excluding
the economic development projects.
(90)[(89)] Revenue
Form 41A765(K-1), "Schedule K-1 (Form 765), 2012[2011] Partner’s
Share of Income, Credits, Deductions, Etc.", shall be used by an entity
taxed as a partnership and organized as a LLC, LLP, or LP to report to its
partners the amount of income, credit, deduction, etc., that the partners shall
report for Kentucky income tax purposes.
(91)[(90)] Revenue
Form 41A800, "Corporation and Pass-through Entity Nexus Questionnaire",
shall be used by a corporation or pass-through entity to determine if the
entity has nexus with the Commonwealth of Kentucky.
(92) Revenue Form 41A802, "Corporation and Pass-through Entity Related Party Expense Questionnaire", shall be used by a corporation or pass-through entity to determine if the entity has nondeductible related party expense.
Section 2. Individual Income and Withholding Taxes. (1) Revenue Form 12A200, "Kentucky Individual Income Tax Installment Agreement Request", shall be submitted to the Department of Revenue to request an installment agreement to pay tax due.
(2) Revenue Form 40A100, "Application for Refund of Income Taxes", shall be presented to the Department of Revenue to request a refund of income taxes paid.
(3) Revenue Form 40A102, "2012[2011]
Application for Extension of Time to File Individual, General Partnership and
Fiduciary Income Tax Returns for Kentucky", shall be submitted to the Department
of Revenue by individuals, partnerships, and fiduciaries prior to the date prescribed
by law for filing a return to request a six (6) month extension to file the
return or to remit payment of tax prior to the date the return is due.
(4) Revenue Form 40A103, "Application for New Home Tax Credit", shall be submitted to the Department of Revenue by individuals to request approval for the new home tax credit.
(5) Revenue Form 40A200, "Form PTE-WH, Kentucky Nonresident Income Tax Withholding on Distributive Share Income", shall be used by a pass-through entity doing business in Kentucky to report Kentucky income tax withheld on each nonresident individual or corporate partner doing business in Kentucky only through its ownership interest in the pass-through entity.
(6) Revenue Form 40A201, "Form 740NP-WH, Kentucky Nonresident Income Tax Withholding on Distributive Share Income Report and Composite Income Tax Return", shall be used by a pass-through entity doing business in Kentucky to report and pay Kentucky income tax withheld on nonresident individual and corporate partners.
(7) Revenue Form 40A201ES,
"Form 740NP-WH-ES, Instructions – 2013[2012] Pass-Through
Entity Nonresident Distributive Share Withholding Report and Composite Income
Tax Return Voucher", shall be used by every pass-through entity for the
declaration and payment of estimated tax if required.
(8) Revenue Form 40A201NP-WH-SL, "Form 740NP-WH-SL, Application for Six-Month Extension of Time to File Form 740NP-WH", shall be used by a pass-through entity to request a six-month extension to file Form 740NP-WH, Kentucky Nonresident Income Tax Withholding on Distributive Share Income Report and Composite Income Tax Return.
(9) Revenue Form 40A201-WHP, "Form 740NP-WH-P, Underpayment and Late Payment of Estimated Tax on Form 740NP-WH", shall be used by a pass-through entity to compute the interest and penalty on the underpayment and late payment of estimated tax on Form 740NP-WH, Kentucky Nonresident Income Tax Withholding on Distributive Share Income Report and Composite Income Tax Return.
(10) Revenue Form 40A727, "Kentucky Income Tax Forms Requisition", shall be used by a taxpayer or tax preparer to order individual income tax forms.
(11)[(9)] Revenue
Form 42A003, "Withholding Kentucky Income Tax Instructions for
Employers", shall provide instructions for employers and shall contain
forms used for withholding and reporting Kentucky income tax withholding.
(12)[(10)] Revenue
Form 42A003(T), "2013[2012] Withholding Tax Tables Computer
Formula", shall be used by an employer for computing employees’ Kentucky
income tax withholding each pay period.
(13)[(11)] Revenue
Form 42A740, "Form 740, 2012[2011] Kentucky Individual
Income Tax Return, Full-Year Residents Only", shall be completed by a
resident individual to report taxable income and income tax liability for
taxable years beginning in 2012[2011], and shall be due within
three and one-half (3 1/2) months after the close of the taxable year.
(14)[(12)] Revenue
Form 42A740-A, "Schedule A, Form 740, 2012[2011] Kentucky
Itemized Deductions", shall be completed by resident individuals and
attached to Form 740 to support itemized deductions claimed for 2012[2011].
(15)[(13)] Revenue
Form 42A740ES, "Form 740-ES, 2013[2012] Individual Income
Tax Kentucky Estimated Tax Voucher", shall be submitted to the Department
of Revenue by individuals with payment of quarterly estimated tax.
(16)[(14)] Revenue
Form 42A740-EZ, "Form 740-EZ, 2012[2011] Kentucky Individual
Income Tax Return for Single Persons with No Dependents", shall be
completed by resident individuals to report taxable income and income tax
liability for taxable years beginning in 2012[2011], and shall be
due within three and one-half (3 1/2) months after the close of the taxable
year.
(17)[(15)] Revenue
Form 42A740(I), "2012[2011] Kentucky Individual Income Tax Instructions
for Forms 740 and 740-EZ", shall be used by resident individuals to file
the 2012[2011] Kentucky Individual Tax Return and related schedules.
(18)[(16)] Revenue
Form 42A740-J, "Schedule J, Kentucky Farm Income Averaging", shall be
completed by individuals and attached to Form 740 to compute tax liability by
averaging farm income for taxable years beginning after December 31, 1997.
(19)[(17)] Revenue
Form 42A740-KNOL, "Schedule KNOL, 2012[2011] Kentucky Net
Operating Loss Schedule", shall be used by individuals to compute and
carry forward a net operating loss to subsequent years.
(20)[(18)] Revenue
Form 42A740-M, "Schedule M, 2012[2011] Kentucky Federal Adjusted
Gross Income Modifications", shall be completed by individuals and
attached to Form 740 in support of additions to and subtractions from federal
adjusted gross income.
(21)[(19)] Revenue
Form 42A740-NP, "Form 740-NP, 2012[2011] Kentucky Individual
Income Tax Return, Nonresident or Part-Year Resident", shall be completed
by part-year or full-year nonresident individuals to report taxable income and
income tax liability for taxable years beginning in 2012[2011],
and shall be filed within three and one-half (3 1/2) months after the close of
the taxable year.
(22)[(20)] Revenue
Form 42A740-NP-A, "Schedule A, Form 740-NP, 2012[2011] Kentucky
Schedule A Itemized Deductions", shall be completed and attached to Form
42A740-NP by part-year or full-year nonresidents to support the itemized
deductions claimed for 2012[2011].
(23)[(21)] Revenue
Form 42A740-NP-ME, "Schedule ME, Form 740-NP, 2012[2011]
Moving Expense and Reimbursement", shall be completed and attached to Form
42A740-NP by part-year or full-year nonresidents to support moving expenses and
reimbursement by employers for moving expenses for 2012[2011].
(24)[(22)] Revenue
Form 42A740-NP(I), "Instructions for 2012[2011] Kentucky
Form 740-NP, Nonresident or Part-Year Resident Income Tax Return", shall
be used by nonresident or part-year resident individuals to file the 2012[2011]
Kentucky Form 740-NP and related schedules.
(25)[(23)] Revenue
Form 42A740-NP-R, "Form 740-NP-R, 2012[2011] Kentucky Income
Tax Return Nonresident - Reciprocal State", shall be completed by resident
individuals of reciprocal states to request a refund of Kentucky withholding
for 2012[2011].
(26)[(24)] Revenue
Form 42A740-NP(P), "2012[2011] Kentucky Income Tax Return,
Nonresident or Part-Year Resident", shall be a packet containing forms and
instructions and shall be mailed to nonresident and part-year resident
individuals for use in filing a Kentucky individual tax return for 2012[2011].
(27)[(25)] Revenue
Form 42A740(PKT), "2012[2011] Kentucky Individual Income Tax
Forms", shall be a packet containing forms and instructions and shall be
mailed to resident individuals for use in filing a Kentucky individual tax
return for 2012[2011].
(28)[(26)] Revenue
Form 42A740-P, "Schedule P, 2012[2011] Kentucky Pension
Income Exclusion", shall be completed by individuals and attached to Form
740 to compute the amount of allowable pension exclusion for 2012[2011].
(29)[(27)] Revenue
Form 42A740-UTC, "Schedule UTC, Unemployment Tax Credit", shall be
completed by individuals and attached to Form 740 or Form 740-NP to provide the
Office of Employment and Training Certificate Numbers in support of credit
claimed for hiring an unemployed person.
(30)[(28)] Revenue
Form 42A740-X, "Form 740-X, Amended Kentucky Individual Income Tax
Return", shall be completed by individuals and filed with the Department
of Revenue to amend a previously filed tax return for 2005 or future years.
(31)[(29)] Revenue
Form 42A740-XP, "Form 740-XP, Amended Kentucky Individual Income Tax
Return, 2004 and Prior Years", shall be completed by individuals and filed
with the Department of Revenue to amend a previously filed tax return for 2004
or prior years.
(32)[(30)] Revenue
Form 42A740-S1, "Form 2210-K, 2012[2011] Underpayment of Estimated
Tax by Individuals", shall be filed by individuals to request a waiver of
estimated tax penalty or to compute and self assess an estimated tax penalty
for a tax year beginning in 2012[2011].
(33)[(31)] Revenue
Form 42A740-S4, "2013[2012] Instructions for Filing Estimated
Tax Vouchers", shall be used to compute the amount of estimated tax due
for 2013[2012].
(34)[(32)] Revenue
Form 42A740-S18, "Form 8582-K, 2012[2011] Kentucky Passive
Activity Loss Limitations", shall be completed by an individual taxpayer
and attached to the individual tax return in support of an allowable passive
loss deduction and carryover of a passive activity loss.
(35)[(33)] Revenue
Form 42A740-S21, "Form 4972-K, 2012[2011] Kentucky Tax on
Lump-Sum Distributions", shall be completed by an individual taxpayer to
compute tax liability on a lump sum distribution and attached to the taxpayer's
individual income tax return.
(36)[(34)] Revenue
Form 42A740-S22, "Form 8879-K, 2012[2011] Kentucky
Individual Income Tax Declaration for Electronic Filing", shall be
completed, signed by the individual taxpayer or taxpayers and maintained by the
preparer or taxpayer in support of an electronically filed return.
(37)[(35)] Revenue
Form 42A740-S23, "Form 740-V, 2012[2011] Kentucky Electronic
Payment Voucher", shall be used by the individual taxpayer or taxpayers
for the payment of additional tax due on an electronically filed return and
submitted to the Department of Revenue.
(38)[(36)] Revenue
Form 42A740-S24, "Form 8863-K, 2012[2011] Kentucky Education
Tuition Tax Credit", shall be used by an individual taxpayer or taxpayers
to claim a tuition tax credit on the taxpayer's individual Kentucky income tax
return.
(39)[(37)] Revenue
Form 42A740-S25, "Form 8948-K, Preparer Explanation For Not Filing
Electronically", shall be used by the preparer to indicate the reason the
return is not being filed electronically.
(40)[(38)] Revenue
Form 42A741, "Form 741, 2012[2011] Kentucky Fiduciary Income
Tax Return", shall be used by a fiduciary of an estate or trust to report
income and tax liability of an estate or trust and be filed with the Department
of Revenue within three (3) months and fifteen (15) days after the close of the
taxable year.
(41)[(39)] Revenue
Form 42A741-D, "Schedule D, Form 741, 2012[2011] Kentucky
Capital Gains and Losses", shall be completed and attached to Form 741 by
a fiduciary to report income from capital gains and losses.
(42)[(40)] Revenue
Form 42A741(I), "Instructions - Form 741, Kentucky Fiduciary Income Tax
Return", shall be the instruction guide provided by the Department of
Revenue for completing the 2012[2011] Form 741.
(43)[(41)] Revenue
Form 42A741(K-1), "Schedule K-1, Form 741, 2012[2011]
Kentucky Beneficiary’s Share of Income, Deductions, Credits, etc.", shall
be filed by the fiduciary with Form 741 to report each beneficiary’s share of
income, deductions, and credits.
(44)[(42)] Revenue
Form 42A765-GP, "Form 765-GP, 2012[2011] Kentucky General
Partnership Income Return", shall be completed and filed with the
Department of Revenue within three (3) months and fifteen (15) days after the
close of the taxable year by a general partnership to report income,
deductions, and credits of a general partnership for 2012[2011].
(45)[(43)] Revenue
Form 42A765-GP(I), "Instructions, 2012[2011] Kentucky
General Partnership Income Return", shall be provided to assist the
general partnership in completing a general partnership income return.
(46)[(44)] Revenue
Form 765-GP(K-1), "Schedule K-1, Form 765-GP, 2012[2011]
Partner’s Share of Income, Credits, Deductions, etc.", shall be filed by
the general partnership with Form 765-GP to report each general partner’s share
of income, deductions, and credits.
(47)[(45)] Revenue
Form 42A765-GP(K), "Form 765-GP(K), Kentucky Schedule K for General
Partnerships with Economic Development Project(s)", shall be used by a
general partnership which has one (1) or more economic development projects to
determine the total general partners’ share of income, credits, deductions,
etc., excluding the amount of each item of income, credit, deduction, etc.,
attributable to the projects.
(48)[(46)] Revenue
Form 42A801, "Form K-1, Kentucky Employer’s Income Tax Withheld
Worksheet", shall be used by employers to report wages and taxes withheld
for the filing period.
(49)[(47)] Revenue
Form 42A801(D), "Form K-1, Amended Employer's Return of Income Tax
Withheld", shall be used by employers to correct wages and taxes reported
for the filing period.
(50)[(48)] Revenue
Form 42A801-E, "Form K-1E, Kentucky Employer’s Income Tax Withheld
Worksheet - Electronic Funds Transfer", shall be used by employers who
remit taxes withheld electronically to report wages and tax withheld for the
filing period.
(51)[(49)]
"Form W-2, 2012[2011] Wage and Tax Statement", shall be
used by an employer to report each of its employees' wages and Kentucky tax
withheld for the calendar year 2012[2011].
(52)[(50)] Revenue
Form 42A803, "Form K-3, Kentucky Employer’s Income Tax Withheld
Worksheet", shall be used by employers to report wages and tax withheld
for the filing period and annually reconcile wages and taxes reported.
(53)[(51)] Revenue
Form 42A803(D), "Form K-3, Amended Employer's Return of Income Tax
Withheld", shall be used by employers to amend wages and taxes reported
for the filing period and the annual reconciled wages and taxes reported.
(54)[(52)] Revenue
Form 42A803-E, "Form K-3E, Kentucky Employer’s Income Tax Withheld
Worksheet - Electronic Funds Transfer", shall be used by employers to
report wages and tax withheld for the filing period and to annually reconcile
wages and taxes reported.
(55)[(53)] Revenue
Form 42A804, "Form K-4, Kentucky Department of Revenue Employee’s
Withholding Exemption Certificate", shall be used by an employee to inform
the employer of the number of exemptions claimed in order to determine the
amount of Kentucky tax to withhold from wages each pay period.
(56)[(54)] Revenue
Form 42A804-A, "Form K-4A, Kentucky Department of Revenue Withholding
Exemptions for Excess Itemized Deductions", shall be used by an employee
to determine additional withholding exemptions.
(57)[(55)] Revenue
Form 42A804-E, "Form K-4E, Special Withholding Exemption
Certificate", shall be used by employees to inform employers of special
tax exempt status.
(58)[(56)] Revenue
Form 42A804-M, "Form K-4M, Nonresident Military Spouse Withholding Tax
Exemption Certificate", shall be used by employees to inform employers of
special tax exempt status as a nonresident military spouse.
(59)[(57)] Revenue
Form 42A806, "Transmitter Report for Filing Kentucky W2/K2, 1099 and W2-G
Statements", shall be used by employers annually to submit Form W-2 Wage
and Tax Statements.
(60)[(58)] Revenue
Form 42A807, "Form K-4FC, Fort Campbell Exemption Certificate", shall
be completed by nonresident employees working at Fort Campbell, Kentucky, to
inform employers of special tax exempt status.
(61)[(59)] Revenue
Form 42A808, "Authorization to Submit Employees Annual Wage and Tax
Statements Via Kentucky Department of Revenue Web Site", shall be used by
employers to request authorization to annually submit wage and tax statements
via the Kentucky Department of Revenue Web site.
(62)[(60)] Revenue
Form 42A809, "Certificate of Nonresidence", shall be used by
employees to inform employers of special tax exempt status as a result of being
a resident of a reciprocal state.
(63)[(61)] Revenue
Form 42A810, "Nonresident’s Affidavit - Kentucky Individual Income
Tax", shall be used by individuals to submit a sworn statement concerning
residency status.
(64)[(62)] Revenue
Form 42A811, "KREDA Annual Report", shall be completed by employers
to report KREDA employee wage assessment fee information to the Department of
Revenue.
(65)[(63)] Revenue
Form 42A812, "KIDA Annual Report", shall be completed by employers to
report KIDA employee wage assessment fee information to the Department of Revenue.
(66)[(64)] Revenue
Form 42A813, "KJDA Annual Report", shall be completed by employers to
report KJDA employee wage assessment fee information to the Department of Revenue.
(67)[(65)] Revenue
Form 42A814, "KIRA Annual Report", shall be completed by employers to
report KIRA employee wage assessment fee information to the Department of Revenue.
(68)[(66)] Revenue
Form 42A815, "Withholding Tax Refund Application", shall be completed
by employers to request a refund of withholding tax paid.
(69)[(67)] Revenue
Form 42A816, "KEOZ Annual Report", shall be completed by employers to
report KEOZ employee wage assessment fee information to the Department of Revenue.
(70)[(68)] Revenue
Form 42A817, "KJRA Annual Report", shall be completed by employers to
report KJRA employee wage assessment fee information to the Department of Revenue.
(71)[(69)] Revenue
Form 42A818, "KBI Annual Report", shall be completed by employers to
report KBI employee wage assessment fee information to the Department of
Revenue.
(72)[(70)] Revenue
Form 42D003, "2012 [2011] Kentucky Wage and Tax Statements
(W-2/K-2) Order Form", shall be used by employers to order wage and tax
statements.
Section 3. Incorporation by Reference. (1) The following material is incorporated by reference:
(a) Corporation income taxes - referenced material:
1. Revenue Form 41A720,
"Form 720, 2012[2011] Kentucky Corporation Income Tax and
LLET Return", 2012[2011];
2. Revenue Form 41A720A,
"Schedule A, Apportionment and Allocation (For corporations and
pass-through entities taxable both within and without Kentucky)", October 2012[2011];
3. Revenue Form 41A720A-C,
"Schedule A-C, Apportionment and Allocation - Continuation Sheet",
October 2012[2011];
4. Revenue Form 41A720A-N,
"Schedule A-N, Apportionment Factor Schedule", October 2012[2011];
5. Revenue Form 41A720BIO,
"Schedule BIO, Application and Credit Certificate of Income Tax/LLET
Credit Biodiesel", October 2012[2011];
6. Revenue Form 41A720CC,
"Schedule CC, Coal Conversion Tax Credit", October 2012[2011];
7. Revenue Form 41A720-CCI,
"Schedule CCI, Application and Credit Certificate of Clean Coal Incentive
Tax Credit", October 2012[2011];
8. Revenue Form 41A720CELL,
"Schedule CELL, Application and Credit Certificate of Income Tax/LLET
Credit Cellulosic Ethanol", October 2012[2011];
9. Revenue Form 41A720-CI,
"Schedule CI, Application for Coal Incentive Tax Credit", October 2012[2011];
10. Revenue Form 41A720CR,
"Schedule CR, Pro Forma Federal Consolidated Return Schedule",
October 2012[2011];
11. Revenue Form 41A720CR-C,
"Schedule CR-C, Pro Forma Federal Consolidated Return Schedule
Continuation Sheet", October 2012[2011];
12. Revenue Form 41A720ES,
"Form 720-ES Kentucky, 2013[2012] Corporation Income/Limited
Liability Entity Tax Estimated Tax Voucher", June 2012[2011];
13. Revenue Form 41A720ETH,
"Schedule ETH, Application and Credit Certificate of Income Tax/LLET
Credit Ethanol", October 2012[2011];
14. Revenue Form 41A720EZC,
"Schedule EZC, Enterprise Zone Tax Credit", October 2012[2011];
15. Revenue Form 41A720HH,
"Schedule HH, Kentucky Housing for Homeless Families Deduction",
October 2012[2011];
16. Revenue Form 41A720(I),
"Instructions, 2012[2011] Kentucky Corporation Income Tax
and LLET Return", November 2012[October 2011];
17. Revenue Form 41A720KCR,
"Schedule KCR, Kentucky Consolidated Return Schedule", October 2012[2011];
18. Revenue Form 41A720KCR-C,
"Schedule KCR-C, Kentucky Consolidated Return Schedule - Continuation
Sheet", October 2012[2011];
19. Revenue Form 41A720KESA,
"Schedule KESA, Tax Credit Computation Schedule (For a KESA Project of a
Corporation)", October 2012[2011];
20. Revenue Form 41A720KESA-SP,
"Schedule KESA-SP, Tax Credit Computation Schedule (For a KESA Project of
a Pass-Through Entity)", October 2012[2011];
21. Revenue Form 41A720KESA-T,
"Schedule KESA-T, Tracking Schedule for a KESA Project", October 2012[2011];
22. Revenue Form 41A720LLET,
"Schedule LLET, Limited Liability Entity Tax", October 2012[2011];
23. Revenue Form 41A720LLET-C,
"Schedule LLET-C, Limited Liability Entity Tax - Continuation Sheet",
October 2012[2011];
24. Revenue Form 41A720LLET(K),
"Schedule LLET(K), Limited Liability Entity Tax (For a Limited Liability
Pass-through Entity with Economic Development Project(s))", October 2012[2011];
25. Revenue Form 41A720LLET(K)-C,
"Schedule LLET(K)-C, Limited Liability Entity Tax - Continuation
Sheet", October 2012[2011];
26. Revenue Form 41A720NOL,
"Schedule NOL, Net Operating Loss Schedule", October 2012[2011];
27. Revenue Form 41A720NOL-CF,
"Schedule NOL-CF, Kentucky NOL Carry forward Schedule", October 2012[2011];
28. Revenue Form 41A720-O,
"Schedule O-720, Other Additions and Subtractions To/From Federal Taxable
Income", December 2012[November 2011];
29. Revenue Form 41A720QR,
"Schedule QR, Qualified Research Facility Tax Credit", October 2012[2011];
30. Revenue Form 41A720RC,
"Schedule RC, Application for Income Tax/LLET Credit for Recycling and/or
Composting Equipment or Major Recycling Project", October 2012[2011];
31. Revenue Form 41A720RC-C,
"Schedule RC-C, Schedule RC - Part I Continuation", October 2012[2011];
32. Revenue Form 41A720RC(I),
"Instructions For Schedule RC", October 2012[2011];
33. Revenue Form 41A720RC-R,
"Schedule RC-R, Recycling or Composting Equipment Tax Credit
Recapture", October 2012[2011];
34. Revenue Form 41A720RPC, "Schedule RPC, Related Party Disclosure Statement," June 2012;
35. Revenue Form
41A720RR-E, "Schedule RR-E, Application and Credit Certificate of Income
Tax/LLET Credit Railroad Expansion", October 2012[2011];
36.[35.] Revenue
Form 41A720RR-I, "Schedule RR-I, Railroad Maintenance and Improvement Tax
Credit", October 2012[2011];
37.[36.] Revenue
Form 41A720S, "Form 720S, 2012[2011] Kentucky S Corporation
Income Tax and LLET Return", 2012[2011];
38.[37.] Revenue
Form 41A720S(I), "Instructions, 2012 [2011] Kentucky S
Corporation Income Tax and LLET Return", November 2012 [October
2011];
39.[38.] Revenue
Form 41A720S(K), "Form 720S(K), Kentucky Schedule K for S Corporations
With Economic Development Project(s)", October 2012[2011];
40.[39.] Revenue
Form 41A720S(K-1), "Schedule K-1 (Form 720S), 2012[2011]
Shareholder’s Share of Income, Credits, Deductions, Etc.", 2012[2011];
41.[40.] Revenue Form
41A720S-O, "Schedule O-PTE, Other Additions and Subtractions To/From
Federal Ordinary Income", November 2012[2011];
42.[41.] Revenue
Form 41A720SL, "Application for Six-Month Extension of Time to File
Kentucky Corporation or Limited Liability Pass-Through Entity Return",
June 2012[2010];
43.[42.] Revenue
Form 41A720TCS, "Schedule TCS, Tax Credit Summary Schedule", October 2012[2011];
44.[43.] Revenue
Form 41A720VERB, "Schedule VERB, Voluntary Environmental Remediation Tax
Credit", October 2012[2011];
45.[44.] Revenue
Form 41A720-S1, "Form 720X, Amended Kentucky Corporation Income Tax and
Corporation License Tax Return", October 2011;
46.[45.] Revenue
Form 41A720-S2, "Form 720-AMENDED, Amended Kentucky Corporation Income Tax
Return", October 2011;
47.[46.] Revenue
Form 41A720-S3, "Form 720-AMENDED (2007-2008), Amended Kentucky
Corporation Income Tax and LLET Return", October 2011;
48.[47.] Revenue
Form 41A720-S4, "Form 851-K, Kentucky Affiliations and Payment
Schedule", October 2012[2011];
49.[48.] Revenue
Form 41A720-S6, "Form 2220-K, Underpayment and Late Payment of Estimated
Income Tax and LLET", October 2012[2011];
50.[49.] Revenue
Form 41A720-S7, "Form 5695-K, Kentucky Energy Efficiency Products Tax
Credit", October 2012[2011];
51.[50.] Revenue
Form 41A720-S9, "Schedule 8903-K, Kentucky Domestic Production Activities
Deduction", October 2012[2011];
52.[51.] Revenue
Form 41A720-S11, "Form 8908-K, Kentucky ENERGY STAR (Homes and
Manufactured Homes) Tax Credit", October 2012[2011];
53.[52.] Revenue
Form 41A720-S16, "Schedule KREDA, Tax Credit Computation Schedule (For a
KREDA Project of a Corporation)", October 2012[2011];
54.[53.] Revenue
Form 41A720-S17, "Schedule KREDA-T, Tracking Schedule for a KREDA
Project", October 2012[2011];
55.[54.] Revenue
Form 41A720-S18, "Schedule KREDA-SP, Tax Computation Schedule (For a KREDA
Project of a Pass-Through Entity)", October 2012[2011];
56.[55.] Revenue
Form 41A720-S20, "Schedule KIDA, Tax Credit Computation Schedule (For a
KIDA Project of a Corporation)", October 2012 [2011];
57.[56.] Revenue
Form 41A720-S21, "Schedule KIDA-T, Tracking Schedule for a KIDA
Project" October 2012[2011];
58.[57.] Revenue
Form 41A720-S22, "Schedule KIDA-SP, Tax Computation Schedule (For a KIDA
Project of a Pass-Through Entity)", October 2012[2011];
59.[58.] Revenue
Form 41A720-S24, "Schedule KIRA, Tax Credit Computation Schedule (For a
KIRA Project of a Corporation)", October 2012[2011];
60.[59.] Revenue
Form 41A720-S25, "Schedule KIRA-T, Tracking Schedule for a KIRA Project",
October 2012[2011];
61.[60.] Revenue
Form 41A720-S26, "Schedule KIRA-SP, Tax Computation Schedule (For a KIRA
Project of a Pass-Through Entity)", October 2012[2011];
62.[61.] Revenue
Form 41A720-S27, "Schedule KJDA, Tax Credit Computation Schedule (For a
KJDA Project of a Corporation)", October 2012[2011];
63.[62.] Revenue
Form 41A720-S28, "Schedule KJDA-T, Tracking Schedule for a KJDA
Project", October 2012 [2011];
64.[63.] Revenue
Form 41A720-S29, "Schedule KJDA-SP, Tax Computation Schedule (For a KJDA
Project of a Pass-Through Entity)", October 2012[2011];
65.[64.] Revenue
Form 41A720-S35, "Schedule KRA, Tax Credit Computation Schedule (For a KRA
Project of a Corporation)", October 2012[2011];
66.[65.] Revenue
Form 41A720-S36, "Schedule KRA-SP, Tax Computation Schedule (For a KRA
Project of a Pass-Through Entity)", October 2012[2011];
67.[66.] Revenue
Form 41A720-S37, "Schedule KRA-T, Tracking Schedule for a KRA Project",
October 2012[2011];
68.[67.] Revenue
Form 41A720-S40, "Schedule KEOZ, Tax Credit Computation Schedule (For a
KEOZ Project of a Corporation)", October 2012[2011];
69.[68.] Revenue
Form 41A720-S41, "Schedule KEOZ-SP, Tax Computation Schedule (For a KEOZ
Project of a Pass-Through Entity)", October 2012[2011];
70.[69.] Revenue
Form 41A720-S42, "Schedule KEOZ-T, Tracking Schedule for a KEOZ
Project", October 2012[2011];
71.[70.] Revenue
Form 41A720-S45, "Schedule KJRA, Tax Credit Computation Schedule (For a
KJRA Project of a Corporation)", October 2012[2011];
72.[71.] Revenue
Form 41A720-S46, "Schedule KJRA-T, Tracking Schedule for a KJRA
Project", October 2012[2011];
73.[72.] Revenue
Form 41A720-S47, "Schedule KJRA-SP, Tax Computation Schedule (For a KJRA
Project of a Pass-Through Entity)", October 2012[2011];
74.[73.] Revenue
Form 41A720-S50, "Schedule IEIA, Tax Credit Computation Schedule (For an
IEIA Project of a Corporation)", October 2012[2011];
75.[74.] Revenue
Form 41A720-S51, "Schedule IEIA-T, Tracking Schedule for an IEIA
Project", October 2012[2011];
76.[75.] Revenue
Form 41A720-S52, "Schedule IEIA-SP, Tax Computation Schedule (For an IEIA
Project of a Pass-Through Entity)", October 2012[December 2011];
77.[76.] Revenue
Form 41A720-S53, "Schedule KBI, Tax Credit Computation Schedule (For a KBI
Project of a Corporation)", October 2012[2011];
78.[77.] Revenue
Form 41A720-S54, "Schedule KBI-SP, Tax Computation Schedule (For a KBI
Project of a Pass-Through Entity)", October 2012[2011];
79.[78.] Revenue
Form 41A720-S55, "Schedule KBI-T, Tracking Schedule for a KBI Project",
October 2012[2011];
80.[79.] Revenue
Form 41A720-S80, "Form 8874(K), Application for Certification of Qualified
Equity Investments Eligible for Kentucky New Markets Development Program Tax
Credit", June 2010;
81. [80.] Revenue
Form 41A720-S81, "Form 8874(K)-A, Notice of Kentucky New Markets
Development Program Tax Credit and Certification", June 2012 [2011];
82.[81.] Revenue
Form 41A720-S82, "Form 8874(K)-B, Notice of Kentucky New Markets
Development Program Tax Credit Recapture", June 2012[2011];
83.[82.] Revenue
Form 41A725, "Form 725, 2012[2011] Kentucky Single Member
LLC Individually Owned LLET Return", 2012[2011];
84.[83.] Revenue
Form 41A725CP, "Schedule CP, Form 725, 2012[2011] Kentucky
Single Member LLC Individually Owned Composite Return Schedule", 2012[2011];
85.[84.] Revenue
Form 41A725(I), "Instructions, 2012[2011] Kentucky Single
Member LLC Individually Owned LLET Return", October 2012[2011];
86.[85.] Revenue
Form 41A750, "Form 750, Business Development Corporation Tax Return",
September 2012[2011];
87.[86.] Revenue
Form 41A765, "Form 765, 2012[2011] Kentucky Partnership
Income and LLET Return", 2012[2011];
88.[87.] Revenue
Form 41A765(I), "Instructions, 2012[2011] Kentucky
Partnership Income and LLET Return", November 2012[October 2011];
89.[88.] Revenue
Form 41A765(K), "Form 765(K), Kentucky Schedule K For Partnerships With
Economic Development Project(s)", October 2012[2011];
90.[89.] Revenue
Form 41A765(K-1), "Schedule K-1 (Form 765), 2012[2011]
Partner’s Share of Income, Credits, Deductions, Etc.", 2012[2011];[and]
91.[90.] Revenue
Form 41A800, "Corporation and Pass-through Entity Nexus Questionnaire",
December 2011; and
92. Revenue Form 41A802, "Corporation and Pass-through Entity Related Party Expense Questionnaire", October 2012; and
(b) Individual income and withholding taxes - referenced material:
1. Revenue Form 12A200,
"Kentucky Individual Income Tax Installment Agreement Request",
November 2012[2011];
2. Revenue Form 40A100,
"Application for Refund of Income Taxes", October 2012[2011];
3. Revenue Form 40A102, "2012[2011]
Application for Extension of Time to File Individual, General Partnership and
Fiduciary Income Tax Returns for Kentucky", November 2012[2011];
4. Revenue Form 40A103, "Application for New Home Tax Credit", June 2010;
5. Revenue Form 40A200,
"Form PTE-WH, Kentucky Nonresident Income Tax Withholding on Distributive
Share Income", October 2012[2011];
6. Revenue Form 40A201,
"Form 740NP-WH, Kentucky Nonresident Income Tax Withholding on
Distributive Share Income Report and Composite Income Tax Return", October
2012[2011];
7. Revenue Form 40A201ES,
"Form 740NP-WH-ES, Instructions – 2013[2012] Pass-Through
Entity Nonresident Distributive Share Withholding Report and Composite Income
Tax Return Voucher", October 2012[2011];
8. Revenue Form 40A201NP-WH-SL, “Form 740NP-WH-SL, Application for Six-Month Extension of Time to File Form 740NP-WH”, October 2012;
9. Revenue Form 40A201-WHP, “Form 740NP-WH-P, Underpayment and Late Payment of Estimated Tax on Form 740NP-WH”, October 2012;
10. Revenue Form 40A727,
"Kentucky Income Tax Forms Requisition", October 2012[2011];
11.[9.] Revenue
Form 42A003, "Withholding Kentucky Income Tax Instructions for Employers",
August 2011;
12.[10.] Revenue
Form 42A003(T), "2013[2012] Withholding Tax Tables Computer
Formula", September 2012[October 2011];
13.[11.] Revenue
Form 42A740, "Form 740, 2012[2011] Kentucky Individual
Income Tax Return, Full-Year Residents Only", 2012[2011];
14.[12.] Revenue
Form 42A740-A, "Schedule A, Form 740, 2012[2011] Kentucky
Itemized Deductions", 2012[2011];
15.[13.] Revenue
Form 42A740ES, "Form 740-ES, 2013[2012] Individual Income
Tax Kentucky Estimated Tax Voucher", June 2012[2011];
16.[14.] Revenue
Form 42A740-EZ, "Form 740-EZ, 2012[2011] Kentucky Individual
Income Tax Return for Single Persons with No Dependents", 2012[2011];
17.[15.] Revenue
Form 42A740(I), "2012[2011] Kentucky Individual Income Tax
Instructions for Forms 740 and 740-EZ", October 2012[2011];
18.[16.] Revenue
Form 42A740-J, "Schedule J, Kentucky Farm Income Averaging", October 2012[2011];
19. [17.] Revenue
Form 42A740-KNOL, "Schedule KNOL, 2012 [2011] Kentucky Net Operating
Loss Schedule", 2012 [2011];
20.[18.] Revenue
Form 42A740-M, "Schedule M, 2012[2011] Kentucky Federal
Adjusted Gross Income Modifications", 2012[2011];
21.[19.] Revenue
Form 42A740-NP, "Form 740-NP, 2012 [2011] Kentucky
Individual Income Tax Return, Nonresident or Part-Year Resident", 2012[2011];
22.[20.] Revenue
Form 42A740-NP-A, "Schedule A, Form 740-NP, 2012[2011]
Kentucky Schedule A Itemized Deductions", 2012[2011];
23.[21.] Revenue
Form 42A740-NP-ME, "Schedule ME, Form 740-NP, 2012[2011]
Moving Expense and Reimbursement", 2012[2011];
24.[22.] Revenue
Form 42A740-NP(I), "Instructions for 2012[2011] Kentucky
Form 740-NP, Nonresident or Part-Year Resident Income Tax Return", October
2012[2011];
25.[23.] Revenue
Form 42A740-NP-R, "Form 740-NP-R, 2012[2011] Kentucky Income
Tax Return Nonresident - Reciprocal State", 2012[2011];
26.[24.] Revenue Form
42A740-NP(P), "2012[2011] Kentucky Income Tax Return Nonresident
or Part-Year Resident", October 2012[2011];
27.[25.] Revenue
Form 42A740(PKT), "2012[2011] Kentucky Individual Income Tax
Forms", October 2012[2011];
28.[26.] Revenue
Form 42A740-P, "Schedule P, 2012[2011] Kentucky Pension
Income Exclusion", 2012[2011];
29.[27.] Revenue
Form 42A740-UTC, "Schedule UTC, Unemployment Tax Credit", October 2012[2011];
30.[28.] Revenue
Form 42A740-X, "Form 740-X, Amended Kentucky Individual Income Tax
Return", November 2012[2011];
31.[29.] Revenue
Form 42A740-XP, "Form 740-XP, Amended Kentucky Individual Income Tax
Return, 2004 and Prior Years", November 2008;
32.[30.] Revenue
Form 42A740-S1, "Form 2210-K, 2012[2011] Underpayment of
Estimated Tax by Individuals", 2012[2011];
33.[31.] Revenue
Form 42A740-S4, "2013[2012] Instructions for Filing
Estimated Tax Vouchers", October 2012[2011];
34.[32.] Revenue
Form 42A740-S18, "Form 8582-K, 2012[2011] Kentucky Passive
Activity Loss Limitations", 2012[2011];
35.[33.] Revenue
Form 42A740-S21, "Form 4972-K, 2012[2011] Kentucky Tax on
Lump-Sum Distributions", 2012[2011];
36.[34.] Revenue
Form 42A740-S22, "Form 8879-K, 2012[2011] Kentucky
Individual Income Tax Declaration for Electronic Filing", 2012[2011];
37.[35.] Revenue
Form 42A740-S23, "Form 740-V, 2012[2011] Kentucky Electronic
Payment Voucher", 2012[2011];
38.[36.] Revenue
Form 42A740-S24, "Form 8863-K, 2012[2011] Kentucky Education
Tuition Tax Credit", 2012[2011];
39.[37.] Revenue
Form 42A740-S25, "Form 8948-K, Preparer Explanation For Not Filing
Electronically", October 2012[2011];
40.[38.] Revenue
Form 42A741, "Form 741, 2012[2011] Kentucky Fiduciary Income
Tax Return", 2012[2011];
41.[39.] Revenue
Form 42A741-D, "Schedule D, Form 741, 2012[2011] Kentucky Capital
Gains and Losses", 2012[2011];
42.[40.] Revenue
Form 42A741(I), "Instructions - Form 741, Kentucky Fiduciary Income Tax
Return", October 2012[2011];
43.[41.] Revenue
Form 42A741(K-1), "Schedule K-1, Form 741, 2012 [2011]
Kentucky Beneficiary’s Share of Income, Deductions, Credits, etc.", 2012[2011];
44.[42.] Revenue
Form 42A765-GP, "Form 765-GP, 2012[2011] Kentucky General
Partnership Income Return", 2012[2011];
45.[43.] Revenue
Form 42A765-GP(I), "Instructions, 2012[2011] Kentucky
General Partnership Income Return", November 2012[October 2011];
46.[44.] Revenue
Form 765-GP(K-1), "Schedule K-1, Form 765-GP, 2012[2011]
Partner’s Share of Income, Credits, Deductions, etc.", 2012[2011];
47.[45.] Revenue
Form 42A765-GP(K), "Form 765-GP(K), Kentucky Schedule K for General
Partnerships with Economic Development Project(s)", October 2012[2011];
48.[46.] Revenue
Form 42A801, "Form K-1, Kentucky Employer’s Income Tax Withheld
Worksheet", March 2007;
49.[47.] Revenue
Form 42A801(D), "Form K-1, Amended Employer's Return of Income Tax
Withheld", April 2008;
50.[48.] Revenue
Form 42A801-E, "Form K-1E, Kentucky Employer’s Income Tax Withheld
Worksheet - Electronic Funds Transfer", March 2007;
51.[49.] "Form
W-2, 2012[2011] Wage and Tax Statement", 2012 [2011];
52.[50.] Revenue
Form 42A803, "Form K-3, Kentucky Employer’s Income Tax Withheld
Worksheet", March 2007;
53.[51.] Revenue
Form 42A803(D), "Form K-3, Amended Employer's Return of Income Tax
Withheld", April 2008;
54.[52.] Revenue
Form 42A803-E, "Form K-3E, Kentucky Employer’s Income Tax Withheld
Worksheet - Electronic Funds Transfer", March 2007;
55.[53.] Revenue
Form 42A804, "Form K-4, Kentucky Department of Revenue Employee’s
Withholding Exemption Certificate", November 2010;
56.[54.] Revenue Form
42A804-A, "Form K-4A, Kentucky Department of Revenue Withholding
Exemptions for Excess Itemized Deductions", April 2008;
57.[55.] Revenue
Form 42A804-E, "Form K-4E, Special Withholding Exemption Certificate",
March 2012 [2011];
58.[56.] Revenue
Form 42A804-M, "Form K-4M, Nonresident Military Spouse Withholding Tax
Exemption Certificate", November 2010;
59.[57.] Revenue
Form 42A806, "Transmitter Report for Filing Kentucky W2/K2, 1099 and W2-G
Statements", October 2011;
60.[58.] Revenue
Form 42A807, "Form K-4FC, Fort Campbell Exemption Certificate", August
2006;
61.[59.] Revenue
Form 42A808, "Authorization to Submit Employees Annual Wage and Tax
Statements Via Kentucky Department of Revenue Web Site", March 2006;
62.[60.] Revenue
Form 42A809, "Certificate of Nonresidence", March 2007;
63.[61.] Revenue
Form 42A810, "Nonresident’s Affidavit - Kentucky Individual Income
Tax", April 1989;
64.[62.] Revenue
Form 42A811, "KREDA Annual Report", December 2007;
65.[63.] Revenue
Form 42A812, "KIDA Annual Report", December 2007;
66.[64.] Revenue
Form 42A813, "KJDA Annual Report", December 2007;
67.[65.] Revenue
Form 42A814, "KIRA Annual Report", December 2007;
68.[66.] Revenue
Form 42A815, "Withholding Tax Refund Application", August 2006;
69.[67.] Revenue Form
42A816, "KEOZ Annual Report", December 2007;
70.[68.] Revenue
Form 42A817, "KJRA Annual Report", October 2010;
71.[69.] Revenue
Form 42A818, "KBI Annual Report", October 2010; and
72.[70.] Revenue
Form 42D003, " 2012[2011] Kentucky Wage and Tax Statements
(W-2/K-2) Order Form", July 2012[2011].
(2) This material may be inspected, copied, or obtained, subject to applicable copyright law, at the Kentucky Department of Revenue, 501 High Street, Frankfort, Kentucky 40601, Monday through Friday, 8 a.m. to 5 p.m.
THOMAS B. MILLER, Commissioner
APPROVED BY AGENCY: January 14, 2013
FILED WITH LRC: January 15, 2013 at 4 p.m.
CONTACT PERSON: DeVon Hankins, Policy Advisor, Office of General Counsel, Finance and Administration Cabinet, 392 Capitol Annex, Frankfort, Kentucky 40601, phone (502) 564-6660, fax (502) 564-9875.
REGULATORY IMPACT ANALYSIS AND TIERING STATEMENT
Contact Person: DeVon Hankins
(1) Provide a brief summary of:
(a) What this administrative regulation does: This administrative regulation prescribes the forms to be used when reporting and paying corporation income tax, limited liability entity tax, individual income tax for tax years beginning in 2012; withholding taxes for calendar year 2012; and installments of estimated tax for tax years beginning in 2013.
(b) The necessity of this administrative regulation: This administrative regulation is necessary in order to provide taxpayers necessary tax forms for reporting and paying their corporation income tax, limited liability entity tax, individual income tax for tax years beginning in 2012; withholding taxes for calendar year 2012; and installments of estimated tax for tax years beginning in 2013.
(c) How this administrative regulation conforms to the content of the authorizing statutes: KRS 131.130(3) authorizes the Department of Revenue to prescribe tax forms necessary for the administration of any revenue law by the promulgation of an administrative regulation pursuant to KRS Chapter 13A incorporating forms by reference.
(d) How this administrative regulation currently assists or will assist in the effective administration of the statutes: This administrative regulation prescribes forms to be used by taxpayers to report and pay corporation taxes, limited liability entity taxes, individual income taxes, and withholding taxes to the Commonwealth of Kentucky pursuant to KRS Chapter 141.
(2) If this is an amendment to an existing administrative regulation, provide a brief summary of:
(a) How the amendment will change this existing administrative regulation: This amendment contains income and limited liability entity tax forms to be used for tax years beginning in 2012, and estimated tax forms to be used for tax years beginning in 2013.
(b) The necessity of the amendment to this administrative regulation: This amendment is necessary to update tax forms to the current tax laws in effect for years beginning in 2012.
(c) How the amendment conforms to the content of the authorizing statutes: KRS 131.130(3) authorizes the Department of Revenue to prescribe tax forms necessary for the administration of the tax laws.
(d) How the amendment will assist in the effective administration of the statutes: This amendment will provide taxpayers with the necessary tax forms to file and pay income taxes, limited liability entity taxes, and individual withholding taxes for tax years beginning in 2012.
(3) List the type and number of individuals, businesses, organizations, or state and local governments affected by this administrative regulation: All individual, pass-through entity and corporate tax filers are affected by this administrative regulation.
(4) Provide an analysis of how the entities identified in question (3) will be impacted by either the implementation of this administrative regulation, if new, or by the change, if it is an amendment, including:
(a) List the actions that each of the regulated entities identified in question (3) will have to take to comply with this administrative regulation or amendment: Individual, pass-through entity, and corporate tax filers will use the forms contained in this administrative regulation to report, pay, and withhold taxes due pursuant to KRS Chapter 141 for tax years beginning in 2012.
(b) In complying with this administrative regulation or amendment, how much will it cost each of the entities identified in question (3): The cost of filing tax returns contained in this administrative regulation with the Commonwealth of Kentucky should be comparable to filing tax returns with surrounding states.
(c) As a result of compliance, what benefits will accrue to the entities identified in question (3): The forms contained in this administrative regulation should simplify and expedite the reporting and paying of taxes required by KRS Chapter 141.
(5) Provide an estimate of how much it will cost the administrative body to implement this administrative regulation:
(a) Initially: The cost of printing and designing the forms.
(b) On a continuing basis: Forms are updated each year.
(6) What is the source of the funding to be used for the implementation and enforcement of this administrative regulation: Funds will be provided by the Department of Revenue.
(7) Provide an assessment of whether an increase in fees or funding will be necessary to implement this administrative regulation, if new, or by the change if it is an amendment: No additional funding will be required to implement this administrative regulation.
(8) State whether or not this administrative regulation established any fees or directly or indirectly increased any fees: This administrative does not establish any fees or directly or indirectly increase any fees.
(9) TIERING: Is tiering applied? Tiering is not applied as the forms included in this administrative regulation apply to all taxpayers taxed pursuant to KRS Chapter 141.
FISCAL NOTE ON STATE OR LOCAL GOVERNMENT
1. What units, parts or divisions of state or local government (including cities, counties, fire departments, or school districts) will be impacted by this administrative regulation? Finance and Administration Cabinet, Department of Revenue.
2. Identify each state or federal statute or federal regulation that requires or authorizes the action taken by the administrative regulation. KRS Chapter 131.130(3).
3. Estimate the effect of this administrative regulation on the expenditures and revenues of a state or local government agency (including cities, counties, fire departments, or school districts) for the first full year the administrative regulation is to be in effect. This administrative regulation will not increase revenues or expenses for the Commonwealth, but will expedite the collection of taxes provided by KRS Chapter 141.
(a) How much revenue will this administrative regulation generate for the state or local government (including cities, counties, fire departments, or school districts) for the first year? No additional revenue will be collected as a result of this administrative regulation.
(b) How much revenue will this administrative regulation generate for the state or local government (including cities, counties, fire departments, or school districts) for subsequent years? None.
(c) How much will it cost to administer this program for the first year? A very small increase in expenditures will occur in the administrative regulation process that will be absorbed by the department operating budget.
(d) How much will it cost to administer this program for subsequent years? No costs for subsequent years.