There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Subtitle 39. Motor Vehicle Reparations Act
304.39.120 Calculation of net loss.
Download pdfadvantages subtracted under subsection (1), is not taxable income, the income tax
saving that is attributable to his loss of income because of injury is subtracted in
calculating net loss. Subtraction may not exceed fifteen percent (15%) of the loss of
income and shall be in a lesser amount if the claimant furnishes to the insurer
reasonable proof of a lower value of the income tax advantage. Effective: July 15, 1982
History: Amended 1982 Ky. Acts ch. 123, sec. 19, effective July 15, 1982. -- Created 1974 Ky. Acts ch. 385, sec. 12, effective July 1, 1975.
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