{"data":{"id":"us-ky/krs-138.695","jurisdiction":"us-ky","citation":"KRS 138.695","heading":"Credits for payment of gasoline tax -- Records.","body":"(1) Every licensee subject to the tax imposed by subsections (1) and (2) of KRS\n138.660 shall be entitled to a credit for each quarterly period beginning on and after\nJuly 1, 1980, equivalent to the tax rate levied in KRS 138.220(1) and (2) on\ngasoline and special fuels purchased by such licensee during such period for use in\nits operations, provided such gasoline and special fuels were purchased in Kentucky\nduring the same period and the tax imposed by KRS 138.220(1) and (2), 138.565,\nand 234.320 has been paid . Evidence of the payment of such tax in such form as\nmay be required by or satisfactory to the cabinet shall be furnished by each such\nlicensee claiming the credit herein allowed.\n(2) The cabinet shall at the close of each quarterly period, ending Septemb er 30,\nDecember 31, March 31, and June 30, compute all credits granted by the cabinet\nduring such quarter, which credits shall be except as provided in subsection (3) of\nthis section, applied only to taxes due on the report filed for the next quarter.\n(3) If the credit or credits referred to in subsections (1) and (2) of this section would\nexpire solely by reason of the lapse of time allowed in subsection (2) of this section,\nthen the balance of any credit shall be refunded to the licensee, provided application\ntherefor and all necessary information shall be filed with the cabinet within sixty\n(60) days after the time the credit would otherwise expire as provided in subsection\n(2) of this section, except a credit shall not be refunded to the licensee, where,  as\nestimated by the cabinet, the cost to the cabinet of making the refund would exceed\nthe amount of the refund.\n(4) In order to facilitate administration of the credits and refunds allowed herein, the\ncabinet shall prescribe what records must be kept by the licensee or any other\nperson and the cabinet shall also prescribe the form and content of said records and\nany reports to be made relative thereto.","path":["KRS Chapter 138"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=28802","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:30Z","sha256":"2f4f35ad73fd9a4500507684de5ca988339c42a6e42ad3c44036d5f7db5398c2","source_id":"us-ky","stale":false,"prev":"us-ky/krs-138.690","next":"us-ky/krs-138.700"},"notice":"GroundRules: Original legal text. Not legal advice."}