Examples of Kentucky gross profits in a sentence
Partnership’s Kentucky gross profits ................................................................................8.
Compute the limited liability entity tax imposed under Section 4 of this Act including Kentucky gross profits or Kentucky gross receipts from the economic development project; and3.
The aggregate tax credit used in any taxable year shall not exceed the income, Kentucky gross profits or Kentucky gross receipts, as the case may be, of the qualified farming operation generated by or arising out of the qualified farming operation’s participation in a networking project in that taxable year.
For the other columns enter the following:For each entity of which the limited liability pass-through entity filing the return is a partner or member, enter from the Kentucky Schedule K-1 on the applicable line of each column: name; federal employer identification number; Kentucky Corporation/LLET account number; Kentucky gross receipts after returns and allowances; and Kentucky gross profits.
A one hundred percent (100%) credit against the taxes imposed by KRS 141.020, 141.040, and 141.0401 that would otherwise be owed by the approved company, in the approved company's taxable year, as determined under KRS 141.402, on the taxable income, Kentucky gross receipts, or Kentucky gross profits of the approved company generated by or arising from the jobs retention project.