{"data":{"id":"us-ky/krs-143a.033","jurisdiction":"us-ky","citation":"KRS 143A.033","heading":"Credit for production from recovered inactive natural gas 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, Division of Oil\nand Gas, and that resumes producing natural gas.\n(2) Every taxpayer engaged in severing or processing natural gas within this\nCommonwealth shall be allowed a credit against the tax imposed under KRS\n143A.020 equal to four and one -half percent (4.5%) of the gross value of  natural\ngas that is produced from a recovered inactive well.","path":["KRS Chapter 143A"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=29254","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:37Z","sha256":"367631461a3e5f15969745f2ff25e4cd63af9794d7f3cc05539c1b6805f37aeb","source_id":"us-ky","stale":false,"prev":"us-ky/krs-143a.030","next":"us-ky/krs-143a.035"},"notice":"GroundRules: Original legal text. Not legal advice."}