KRS 42.4501: Definitions for KRS 42.450 to 42.495.

As used in KRS 42.450 to 42.495:

(1) "Refund" means a payment of money from the State Treasury to a taxpayer, upon

the authorization of the Department of Revenue following the submission of a

timely request filed in accordance with applicable statutes and administrative

regulations, represent ing all or part of an overpayment previously made by the

taxpayer for a tax liability arising under KRS 143.020 or 143A.020; and

(2) "Severance and processing taxes on coal collected annually" means the total

amount of money collected from the tax imposed by KRS 143.020 in a given fiscal

year, reduced by the total amount of refunds of that tax paid during the prior fiscal

year.