Kentucky gross receipts definition

Kentucky gross receipts means Kentucky gross receipts as defined in KRS 141.0401; and

Kentucky gross receipts means Kentucky gross receipts as defined in KRS 141.0401;

Kentucky gross receipts means an amount equal to the computation of the numerator of the sales factor under the provisions of KRS 141.120(8)(c), KRS 141.120(9), any administrative regulations related to the computation of the sales factor, and KRS 141.121 and includes the proportionate share of Kentucky gross receipts of all wholly or partially owned limited liability pass-through entities, including all layers of a multi-layered pass-through structure;

Examples of Kentucky gross receipts in a sentence

• 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.

• Costs allowable under Section 263A of the Internal Revenue Code may be included only to the extent the costs are incurred in acquiring or producing the tangible product generating the Kentucky gross receipts.

• Incurred in acquiring or producing the tangible product generating the Kentucky gross receipts.

• If the corporation's or limited liability pass-through entity's gross receipts from all sources are equal to or greater than six million dollars ($6,000,000), the limited liability entity tax shall be nine and one-half cents ($0.095) per one hundred dollars ($100) of the corporation's or limited liability pass-through entity's Kentucky gross receipts.

• 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.

More Definitions of Kentucky gross receipts

Kentucky gross receipts means an amount equal to the computation of the numerator of the sales factor under the provisions of KRS 141.120(8)(c);

Kentucky gross receipts means Kentucky gross receipts as defined in Section 4 of this Act; and

Kentucky gross receipts means "Kentucky gross receipts" as defined in KRS 141.0401. Effective: June 27, 2019 History: Amended 2019 Ky. Acts ch. 146, sec. 24, effective June 27, 2019. -- Amended 2009 Ky. Acts ch. 11, sec. 43, effective June 25, 2009. -- Amended 2007 Ky. Acts ch. 75, sec. 2, effective June 26, 2007. -- Amended 2006 (1st Extra. Sess.) Ky. Acts ch. 2, sec. 59, effective June 28, 2006. -- Amended 2006 Ky. Acts ch. 149, sec. 220, effective July 12, 2006; and ch. 211, sec. 75, effective July 12, 2006. -- Amended 2004 Ky. Acts ch. 105, sec. 16, effective July 13, 2004. -- Amended 2002 Ky. Acts ch. 338, sec. 37, effective July 15, 2002. -- Amended 2000 Ky. Acts ch. 321, sec. 5, effective July 14, 2000. -- Amended 1996 Ky. Acts ch. 194, sec. 51, effective July 15, 1996; and ch. 337, sec. 1, effective July 15, 1996. -- Amended 1994 Ky. Acts ch. 390, sec. 8, effective July 15, 1994; ch. 450, sec. 27, effective July 15, 1994; and ch. 499, sec. 26, effective July 15, 1994. – Created 1992 Ky. Acts ch. 363, sec. 1, effective July 14, 1992.

Kentucky gross receipts means Kentucky gross receipts as defined in Section 4 of this Act. Section 57. KRS 154.26-090 is amended to read as follows:

Kentucky gross receipts means an amount equal to the computation of the

Kentucky gross receipts means the same as defined in KRS 141.0401; and

Kentucky gross receipts means an amount equal to the computation of the numerator of the sales factor under the provisions of subsection (8)(d) of Section 1 of this Act[KRS 141.120(8)(c)];