2011 Kentucky Revised Statutes Subchapter 34 Reinvestment of Manufacturing Facilities 154.34.090 Certification of the tax liability of approved company.
KY Rev Stat § 154.34.090 (1996 through Reg Sess) What's This?
154.34-090 Certification of the tax liability of approved company.
By October 1 of each year, the Department of Revenue of the Commonwealth shall
certify to the authority, in the form of an annual report, aggregate tax credits claimed on
tax returns filed during the fiscal year ending June 30 of that year by approved companies
with respect to their reinvestment projects under this subchapter and KRS 141.415 and
shall certify to the authority, within ninety (90) days from the date an approved company
has filed its state tax return, when an approved company has taken inducements equal to
its approved costs.
Effective: June 26, 2009
History: Amended 2009 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 6, effective June 26,
2009. -- Amended 2006 (1st Extra. Sess.) Ky. Acts ch. 2, sec. 63, effective June 28,
2006. -- Amended 2005 Ky. Acts ch. 85, sec. 586, effective June 20, 2005. -- Created
2003 Ky. Acts ch. 148, sec. 9, effective June 24, 2003.
Legislative Research Commission Note (6/26/2009). 2009 (1st Extra. Sess.) Ky. Acts
ch. 1, sec. 7, provides that, notwithstanding the amendments contained in Sections 1
to 6 of that Act (which includes this statute), "all reinvestment projects preliminarily
approved on or after the effective date of this Act shall not be eligible for final
approval until July 1, 2010"; and 2009 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 8,
provides that, notwithstanding the amendments in Sections 1 to 6 of that Act or the
repeals in Section 114 of that Act, "all reinvestment projects preliminarily or finally
approved prior to the effective date of this Act shall be governed by Subchapter 34 of
KRS Chapter 154 as it existed prior to the effective date of this Act."
Legislative Research Commission Note (6/28/2006). 2006 (1st Extra Sess.) Ky. Acts
ch. 2, sec. 73, provides that "unless a provision of this Act specifically applies to an
earlier tax year, the provisions of this Act shall apply to taxable years beginning on or
after January 1, 2007."
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