{"data":{"id":"us-ky/krs-136.376","jurisdiction":"us-ky","citation":"KRS 136.376","heading":"Priority of application and use of credits against insurance taxes.","body":"(Effective July 1, 2027)\n(1) For purposes of the credit permitted by KRS 154.20 -195, if a taxpayer is entitled to\nmore than one (1) of the tax credits allowed against the taxes imposed by KRS\n136.320, 136.330, 136.340, 136.350, 136.370, 136.390, and 304.3 -270, the priority\nof application and use of the credit shall be determined as follows:\n(a) The nonrefundable credits shall be taken in the following order:\n1. The Kentucky Inves tment Fund Act credit permitted by KRS 154.20 -\n258; and\n2. The New Markets Development Program credit permitted by KRS\n141.434; and\n(b) After the application of the nonrefundable credits in paragraph (a) of this\nsubsection, the refundable certified mixed -use rehabilitation credit permitted\nby KRS 136.374 shall be taken.\n(2) A taxpayer claiming a credit against any of the insurance premiums taxes imposed\nby KRS 136.320, 136.330, 136.340, 136.350, 136.370, or 136.390 shall not be\nrequired to pay additional retaliatory tax imposed by KRS 304.3-270.\n(3) The Department of Revenue shall include information about this credit in the report\nrequired under KRS 141.3821(5).","path":["KRS Chapter 136"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=58315","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:27Z","sha256":"50b3274c007e1f454a1849f8e4832a74eb28ebed444b30ab1172d347ac37b484","source_id":"us-ky","stale":false,"prev":"us-ky/krs-136.374","next":"us-ky/krs-136.377"},"notice":"GroundRules: Original legal text. Not legal advice."}