Schedule Endow - Kentucky Notice Of Endow Kentucky Tax Credit And Certification Page 2

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41A720-S86 (2-15)
Commonwealth of Kentucky
DEPARTMENT OF REVENUE
INSTRUCTIONS—NOTICE OF ENDOW KENTUCKY TAX CREDIT AND CERTIFICATION
The process for finalizing the endowment gift after preliminary authorization is received is set forth in 103 KAR
15:195E Section 4, or 103 KAR 15:195 Section 4. All questions shall be directed to:
KRC.WEBResponseEconomicDevelopmentCredits@ky.gov.
A taxpayer shall attach a copy of the approved Schedule ENDOW to the tax return each year to claim the tax credit
against the taxes imposed by KRS 141.020 or 141.040 and 141.0401. The ordering of the credits shall be as provided
by KRS 141.0205.
A partner, member or shareholder of a pass–through entity shall attach a copy of Schedule K–1, Form 720S; Schedule
K–1, Form 765; or Schedule K–1, Form 765–GP to the partner’s, member’s or shareholder’s tax return each year to
claim the tax credit.
A beneficiary of an estate or trust shall attach a copy of Schedule K-1, Form 741, to the beneficiary’s tax return each
year to claim the tax credit.
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