Form 41a720s(I) - Kentucky S Corporation Income Tax And Llet Return - 2012 Page 2
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20which is the total miles operated by the affiliated airline of
fifty (750) employees at the site of the Kentucky Industrial
Revitalization Act project.
the qualified air freight forwarder.
The agreement for a Kentucky Industrial Revitalization Act
HB 539—Provisions effective July 12, 2012
project shall not be longer than the earlier of: (i) the date on
which the approved company has received inducements
Kentucky Industrial Revitalization Act—KRS 154.26-010
or withheld assessments equal to the amount that the
was amended to allow a supplemental project during
the term of a previously approved Kentucky Industrial
company may recover; or (ii) ten (10) years from the date
of the execution of the agreement or any longer term
Revitalization Act project. A supplemental project eligible
negotiated as part of an amended agreement not to exceed
company means an approved company that: (i) has
an additional ten (10) years, for a maximum of twenty (20)
expended approved costs of at least $50 million on an
years if a supplemental project is approved.
existing approved Kentucky Industrial Revitalization Act
project; and (ii) employs a minimum of seven hundred
FILING FORM GUIDE
Kentucky Form and Tax
Corporation
Form
Income
Type of Entity
Required
Tax
LLET
1. C corporation
720
Yes
Yes
2. C corporation (nexus consolidated group as provided
by KRS 141.200(11))
720
Yes
Yes
3. Publicly traded partnership (taxed as a corporation
for federal income tax purposes)
720
Yes
Yes
4. S corporation
720S
Yes *
Yes
5. Single member limited liability company whose
single member is an individual
725
No
Yes
6. Limited liability company (two or more members)
765
No
Yes
7. Limited partnership
765
No
Yes
8. Limited liability partnership
765
No
Yes
9. General partnership
765-GP
No
No
10. Publicly traded partnership (taxed as a partnership
for federal income tax purposes)
765-GP
No
No
* If the S corporation has b uilt-in gains, passive investment income or installments of tax on the recapture
of LIFO benefits as provided by KRS 141.040(14), corporation income tax is due.
2
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial