KRS 136.291: Inapplicability of KRS 136.290, 136.300, and 136.310 after January 1, 2021

-- Savings and loan associations subject to corporation income tax and limited

liability entity tax after January 1, 2021 -- Short-year returns.

(1) Beginning January 1, 2021, the savings and loan tax under KRS 136.290, 136.300,

and 136.310 shall no longer apply to savings and loan associations.

(2) Beginning January 1, 2021, all savings and loan associations shall be subject to the

corporation income tax under KRS 141.040 and the limited liability entity tax under

KRS 141.0401. Notwithstanding KRS 141.040 and 141.0401, any savings and loan

association operating on a fiscal year shall file a short -year corporation income and

limited liability entity tax return and pay any tax due thereon for the period

beginning January 1, 2021, through the end of the savings and loan association's

normal fiscal year. The department may issue guidance regarding the filing of the

short-year return.