{"data":{"id":"us-ky/krs-137.132","jurisdiction":"us-ky","citation":"KRS 137.132","heading":"Credit for production from recovered inactive petroleum well.","body":"(1) As used in this section, \"recovered inactive well\" means a well that has been\ninactive for a consecutive two (2) year period or a well that has been plugged and\nabandoned, as determined by the Energy and Environment Cabinet, and that\nresumes producing crude petroleum oil.\n(2) Every taxpayer engaged in the production of crude petroleum oil within this\nCommonwealth shall be allowed a credit against the tax imposed under KRS\n137.120 equal to four and one -half percent (4.5%) of the market value of crude\npetroleum oil that is produced from a recovered inactive well.","path":["KRS Chapter 137"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=28631","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:28Z","sha256":"b837807439f9a8e41f64af8be420a8ebb1f74c91b318c6e78f9b4789911d2607","source_id":"us-ky","stale":false,"prev":"us-ky/krs-137.130","next":"us-ky/krs-137.140"},"notice":"GroundRules: Original legal text. Not legal advice."}