October 4, 2016

Cost Fall 2016: Kentucky State and Local Tax Developments

Written By

Timothy J. Eifler
Member, Stoll Keenon Ogden PLLC


A. Legislative Developments.

1. Internal Revenue Code Conformity Update.

The definition of “Internal Revenue Code” at KRS 141.010(3) was updated to conform to the IRC in effect on December 31, 2015, exclusive of any amendments made subsequent to that date, other than amendments that extend provisions in effect on December 31, 2015, that would otherwise terminate, and as modified by KRS 141.0101. (2016 House Bill 80.) By operation of law, the update was effective July 15, 2016.

Written By