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HB 249 (BR 1035) - B. Farmer, J. Comer Jr, C. Embry Jr

     AN ACT relating to income taxation.
     Amend KRS 141.0401 to make the limited liability entity tax refundable for tax years beginning on or after January 1, 2008; amend KRS 141.0205 to recognize the limited liability entity tax credit as a refundable credit; amend KRS 141.200 to remove the 50 percent limitation on net losses from affiliated corporations when filing a consolidated corporation income tax return.

     Feb 6-introduced in House
     Feb 12-to Appropriations & Revenue (H)

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