Kentucky Statutes 143.022 – Coal severance tax refund on exported coal
Current as of: 2024 | Check for updates
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(1) A taxpayer engaged in severing or processing coal within this Commonwealth that has paid the tax imposed under KRS § 143.020 may apply for a refund equal to the amount of tax paid under KRS § 143.020 if the coal is transported directly to a market outside of North America.
(2) To apply for the refund allowed under subsection (1) of this section the taxpayer shall file an application for refund with the department and submit all information and documentation necessary to substantiate that the tax was paid upon the coal which was transported directly to a market outside of North America.
(3) The refund process allowed under subsection (1) of this section is available beginning on or after August 1, 2020, but before July 1, 2024, and limited during any calendar year to the export of a combined total of ten million (10,000,000) tons of coal subject to the tax imposed under KRS § 143.020 and exported through United States coal export terminals to markets outside of North America.
Effective: July 14, 2022
History: Amended 2022 Ky. Acts ch. 212, sec. 41, effective July 14, 2022. — Created
2020 Ky. Acts ch. 91, sec. 46, effective April 15, 2020.
(2) To apply for the refund allowed under subsection (1) of this section the taxpayer shall file an application for refund with the department and submit all information and documentation necessary to substantiate that the tax was paid upon the coal which was transported directly to a market outside of North America.
Terms Used In Kentucky Statutes 143.022
- Coal: means and includes any material composed predominantly of hydrocarbons in a solid state. See Kentucky Statutes 143.010
- Department: means the Department of Revenue. See Kentucky Statutes 143.010
- Processing: includes cleaning, breaking, sizing, dust allaying, treating to prevent freezing, or loading or unloading for any purpose. See Kentucky Statutes 143.010
- Year: means calendar year. See Kentucky Statutes 446.010
(3) The refund process allowed under subsection (1) of this section is available beginning on or after August 1, 2020, but before July 1, 2024, and limited during any calendar year to the export of a combined total of ten million (10,000,000) tons of coal subject to the tax imposed under KRS § 143.020 and exported through United States coal export terminals to markets outside of North America.
Effective: July 14, 2022
History: Amended 2022 Ky. Acts ch. 212, sec. 41, effective July 14, 2022. — Created
2020 Ky. Acts ch. 91, sec. 46, effective April 15, 2020.