2006 Kentucky Revised Statutes - .5385   Repayment of tax credit by motion picture production company.

139.5385 Repayment of tax credit by motion picture production company. (1) Any tax credit, or part thereof, paid to a motion picture production company as a result of error by the Department of Revenue shall be repaid by such company to the secretary of the Finance and Administration Cabinet. (2) Any tax credit, or part thereof, paid to a motion picture production company as a result of error or fraudulent statements made by the motion picture production company, shall be repaid by such company to the secretary of the Finance and Administration Cabinet, together with interest, at the tax interest rate provided for in KRS 131.010(6). Effective: June 20, 2005 History: Amended 2005 Ky. Acts ch. 85, sec. 427, effective June 20, 2005. -- Created 1986 Ky. Acts ch. 464, sec. 6, effective July 15, 1986.