Kentucky Statutes 141.382 – Refundable or transferable tax credit for qualified rehabilitation expenses for certified historic structure meeting the requirements of KRS 171.396 and 171.397
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(1) As used in this section:
(a) “Certified historic structure” means the same as defined in KRS § 171.396;
(b) “Qualified rehabilitation expense” means the same as defined in KRS
171.396; and
(c) “Substantial rehabilitation” means the same as defined in KRS § 171.396.
(2) A refundable or transferable credit in the amount determined in KRS § 171.397 shall be allowed against the taxes imposed by KRS § 136.505 or 141.020 or 141.040 and
141.0401, with the ordering of credits provided in KRS § 141.0205, for qualified rehabilitation expenses incurred by the taxpayer and used for substantial rehabilitation to a certified historic structure.
Effective: June 26, 2009
History: Created 2009 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 32, effective June 26,
2009.
(a) “Certified historic structure” means the same as defined in KRS § 171.396;
(b) “Qualified rehabilitation expense” means the same as defined in KRS
171.396; and
(c) “Substantial rehabilitation” means the same as defined in KRS § 171.396.
(2) A refundable or transferable credit in the amount determined in KRS § 171.397 shall be allowed against the taxes imposed by KRS § 136.505 or 141.020 or 141.040 and
141.0401, with the ordering of credits provided in KRS § 141.0205, for qualified rehabilitation expenses incurred by the taxpayer and used for substantial rehabilitation to a certified historic structure.
Effective: June 26, 2009
History: Created 2009 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 32, effective June 26,
2009.