{"data":{"id":"us-ky/krs-141.4248","jurisdiction":"us-ky","citation":"KRS 141.4248","heading":"Transfer of unused ethanol or cellulosic ethanol tax credit caps","body":"established by KRS 141.4242 and 141.4244.\n(1) (a) If, in any calendar year, all approved applications for credit filed pursuant to\nKRS 141.4242 and 141.4244 do not completely use the an nual cellulosic\nethanol tax credit cap established by KRS 141.4244 or annual ethanol tax\ncredit cap established by KRS 141.4242, as the case may be; and\n(b) The other ethanol-based tax credit program has total approved applications for\ncredit that exceed the annual cap established for that program;\nthen the unused cap may be transferred to the other ethanol -based tax credit\nprogram.\n(2) The amount of credit cap transferred from one (1) program to the other shall not\nexceed the amount necessary for all appr oved applicants to receive the one dollar\n($1) per gallon credit provided for in KRS 141.4242 or 141.4244, as the case may\nbe.\n(3) Any unused cap remaining for any calendar year after both programs have been\nfully funded shall not be available to be used in any other year.","path":["KRS Chapter 141"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=29151","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:35Z","sha256":"f0d1b57b943d80de6722dee5abfb409356b4da7bb8562a3ad8e8bc8ee894f72a","source_id":"us-ky","stale":false,"prev":"us-ky/krs-141.4246","next":"us-ky/krs-141.425"},"notice":"GroundRules: Original legal text. Not legal advice."}