67.765 Use of tax year and accounting methods required for federal income tax purposes. - Kentucky Statutes

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Page 1 of 1 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. Effective: June 24, 2003
History: Created 2003 Ky. Acts ch. 117, sec. 7, effective June 24, 2003.