KRS 143A.033: Credit for production from recovered inactive natural gas well.

(1) As used in this section, "recovered inactive well" means a well that has been

inactive for a consecutive two (2) year period or a well that has been plugged and

abandoned, as determined by the Energy and Environment Cabinet, Division of Oil

and Gas, and that resumes producing natural gas.

(2) Every taxpayer engaged in severing or processing natural gas within this

Commonwealth shall be allowed a credit against the tax imposed under KRS

143A.020 equal to four and one -half percent (4.5%) of the gross value of natural

gas that is produced from a recovered inactive well.