Kentucky Revised Statutes — Title XI (Revenue and Taxation)

KRS 141.018 — Department's authority to interpret and carry out provisions of certain income tax changes made by the 2005 Regular Session and 2006 First Extraordinary Session of the General Assembly -- Authority to promulgate administrative regulations to explain or implement changes

Consistent with the provisions of 2005 Ky. Acts ch. 168 and the provisions of 2006 (1st
Extra. Sess.) Ky. Acts ch. 2, the Department of Revenue shall have the authority to
interpret and carry out the provisions and intent of amendments made by the 2005
Regular Session of the General Assembly and the 2006 First Extraordinary Session of the
General Assembly relative to the imposition of the tax assessed under this chapter on
individuals, entities taxable as individuals, entities taxable u nder KRS 141.040 and
141.0401, the passed -through income of entities taxable under KRS 141.040 and
141.0401, entities considered not taxable or exempt from tax, any other entity or taxable
unit, and any related item of income, deduction, or credit, and sha ll promulgate
administrative regulations necessary to explain or implement this section.

Last amended: Effective: June 28, 2006 History: Amended 2006 (1st Extra. Sess.) Ky. Acts ch. 2, sec. 70, effective June 28, 2006. -- Created 2005 Ky. Acts ch. 168, sec. 152, effective March 18, 2005. 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." Legislative Research Commissi

Source: official text