Form 41a720ds - Schedule Ds - Distilled Spirits Tax Credit - 2015
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1Taxable Year Ending
SCHEDULE DS
*1500030237*
_ _
_ _
/
41A720DS (10-15)
Mo.
Yr.
Commonwealth of Kentucky
DEPARTMENT OF REVENUE
DISTILLED SPIRITS TAX CREDIT
➤ See instructions.
KRS 141.389
➤ Attach to Form 720, 720S, 725, 740, 740-NP , 741, 765 or 765-GP .
Name of Entity
Federal Identification
Kentucky Corporation/LLET
Number
Account Number (if applicable)
__ __ __ __ __ __
__ __ __ __ __ __ __ __ __
Location Address of Capital Improvements
Taxed as:
Corporation
Limited Liability Pass-through Entity
General Partnership
Individual
Other
Part I—Capital Improvements
1. Construction, replacement or remodeling of warehouses or facilities ................................................
1
00
2. Purchase of barrels and pallets used for the storage and aging of distilled spirits in
maturing warehouses ..............................................................................................................................
2
00
3. Acquisition, construction or installation of equipment for the use in the manufacture,
bottling or shipment of distilled spirits ...................................................................................................
3
00
4. Addition or replacement of access roads or parking facilities ..............................................................
4
00
5. Construction, replacement or remodeling of facilities to market or promote tourism,
including but not limited to a visitor’s center .........................................................................................
5
00
6. Total Capital Improvements (Add lines 1 through 5) .............................................................................
6
00
Part II—Computation of the Credit
For all years of accumulated ad valorem tax list: 1) ad valorem taxable year ending, 2) date the ad valorem tax was assessed, 3) date
the ad valorem tax was paid, 4) amount of ad valorem tax paid, and 5) allowable percentage (see chart below). Enter the total of line
6 in the Total column.
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_ _
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_ _
_ _
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Ad valorem
/
/
/
/
1.
Taxable Year Ending
Total
Date ad valorem
___/___/_____ ___/___/_____ ___/___/_____ ___/___/_____
2.
tax was assessed
Date ad valorem
___/___/_____ ___/___/_____ ___/___/_____ ___/___/_____
3.
tax was paid
Amount of ad
4.
00
00
00
00
valorem tax paid
Allowable
Percentage
(see chart)
5.
%
%
%
%
Line 4 multiplied
6.
00
00
00
00
6
00
by Line 5
7. Enter the lesser of Part I, line 6 or Part II, line 6. This is the allowable distilled spirits tax credit ......
7
00
Table—Allowable Tax Credit Percentage
Based on the Ad Valorem Taxable Year
Taxable years beginning
Taxable years
and
Percentage
on or after
beginning before
January 1, 2015
December 31, 2015
20%
January 1, 2016
December 31, 2016
40%
January 1, 2017
December 31, 2017
60%
January 1, 2018
December 31, 2018
80%
January 1, 2019
Forward
100%
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