2017 Kentucky Revised Statutes
CHAPTER 136 - CORPORATION AND UTILITY TAXES
.612 Exception in the case of worthless accounts.

Universal Citation: KY Rev Stat § 136.612 (2017)

Download as PDF
136.612 Exception in the case of worthless accounts. A provider is authorized to take as a deduction from the tax due under KRS 136.604 the amount of multichannel video programming excise tax paid in a prior reporting period on any debt or account receivable arising from the sale of multichannel video programming service that has become worthless and charged off for income tax purposes. If any charged-off multichannel video programming excise tax is thereafter in whole or in part collected by the provider, the amount so collected shall be included in the first return filed after collection. Effective: January 1, 2006 History: Created 2005 Ky. Acts ch. 168, sec. 94, effective January 1, 2006.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.