Form 41a750 - Business Development Corporation Tax Return - 2014 Page 4
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441A750 (9-14)
Page 4
*1400030305*
Commonwealth of Kentucky
DEPARTMENT OF REVENUE
INSTRUCTIONS FOR FILING BUSINESS DEVELOPMENT CORPORATION TAX RETURN
This is the Business Development Corporation Tax Return and should be filed ONLY by corporations authorized under
the provisions of Chapter 155 of the Kentucky Revised Statutes. This return must be filed by June 1 after the close of
the calendar year.
Under the provisions of Chapter 155, the payment of the tax determined by this return is accepted in lieu of the state
income tax imposed by KRS 141.040 and tax imposed by KRS 141.0401.
All checks should be made payable to the Kentucky State Treasurer and mailed with the return to the Department of
Revenue, Frankfort, Kentucky 40620. The full amount of tax is to be paid at the time the return is filed.
GROSS INCOME AND DEDUCTIONS
The taxable net income of a business development corporation for Kentucky tax purposes is the same as “book income”
determined in accordance with generally accepted accounting principles. Therefore, the items of gross income and
deduction to be shown on page 1 of the Kentucky return are the same items of gross income and deduction shown by
the books and records as maintained by the corporation solely for accounting purposes, without adjustment or special
treatment (inclusion/exclusion) required for income tax purposes. Items of income recognized for “book” purposes
which are not to be included on page 1 include income specifically exempted from tax by the Kentucky Constitution
and the Constitution and/or laws of the United States.
QUESTIONS
4. Check whether this return was prepared on
1. Did the corporation file a Kentucky tax return under
cash basis o or accrual basis o.
the same name for the preceding year?
______________________________________________
5. Enter Kentucky Employer Withholding Number
2. The address of the principal office in Kentucky, if
not shown on page 1. _________________________
______________________________________________
______________________________________________
6. Do you have a Kentucky Retail Sales and Use
Tax Permit? Yes o No o If “yes, ” enter permit
3. The corporation’s books are in care of __________
number
______________________________________________
Located at ____________________________________
______________________________________________
______________________________________________
Attach and return with Form 750, Business Development Corporation Tax Return
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