{"data":{"id":"us-ky/krs-141.070","jurisdiction":"us-ky","citation":"KRS 141.070","heading":"Credits allowed individuals for tax paid to other states.","body":"(1) Whenever an individual who is a resident of this state has become liable for income\ntax to another state upon all or any part of the individual's net income for the\ntaxable year, derived from sources without this state and subject to taxation under\nthis chapter, the amount of income tax payable under this chapter shall be credited\non the return with the income tax paid to the other state, upon producing to the\nproper assessing officer satisfactory evidence of the fact of the payment, except that\napplication of any credits shall not operate to reduce the tax payable under this\nchapter to an amount less than would have been payable were the income from the\nother state ignored.\n(2) An individual who is not a resident of this state shall not be liable for any in come\ntax under KRS 141.020(4) if the laws of the state of which the individual was a\nresident at the time the income was earned in this state contained a reciprocal\nprovision under which nonresidents were exempted from gross or net income taxes\nto the othe r state, if the state of residence of the nonresident individual allowed a\nsimilar exemption to resident individuals of this state. The exemption authorized by\nthis subsection shall in no manner preclude the department from requiring any\ninformation reports under KRS 141.150(2).\n(3) As used in this section, \"state\" means a state of the United States, the District of\nColumbia, the commonwealth of Puerto Rico, or any territory or possession of the\nUnited States.\n(4) Any resident entity owner of an electing en tity, as those terms are defined in KRS\n141.209, doing business in another state in which the tax is assessed and paid at the\nentity level shall be allowed a credit in accordance with subsection (1) of this\nsection. The credit shall be based on the entity owner's distributive share of the\nelecting entity's items of income, loss, deduction, and credit.","path":["KRS Chapter 141"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=53502","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:34Z","sha256":"219e95a43680efcfa5ad7c374e1fd9fa5d4353fa6130d93327a268b8e679bfd5","source_id":"us-ky","stale":false,"prev":"us-ky/krs-141.069","next":"us-ky/krs-141.071"},"notice":"GroundRules: Original legal text. Not legal advice."}