Statutes, codes, and regulations
Kentucky Revised Statutes
Title 9 - COUNTIES, CITIES, AND OTHER LOCAL UNITSChapter 67 - COUNTY GOVERNMENT (FISCAL COURTS AND COUNTY COMMISSIONERS)
TAXATION OF BUSINESS
Section 67.765 - Use of tax year and accounting methods required for federal income tax purposes

Ky. Rev. Stat. § 67.765

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Current through 2024 Ky. Acts ch.225
Section 67.765 - Use of tax year and accounting methods required for federal income tax purposes

If a business entity makes, or is required to make, a federal income tax return, the net profit or gross receipts shall be computed for the purposes of KRS 67.750 to 67.790 on the basis of the same calendar or fiscal year required by the federal government, and shall employ the same methods of accounting required for federal income tax purposes.

KRS 67.765

Effective:6/24/2003
Created 2003, Ky. Acts ch. 117, sec. 7, effective6/24/2003.