42.4501 Definitions for KRS 42.450 to 42.495. As used in KRS 42.450 to 42.495: (1) 'Refund' means a payment of money from the State Treasury to a taxpayer, upon the authorization of the Department of Revenue following the submission of a timely request filed in accordance with applicable statutes and administrative regulations, represent ing all or part of an overpayment previously made by the taxpayer for a tax liability arising under KRS 143.020 or 143A.020; and (2) 'Severance and processing taxes on coal collected annually' means the total amount of money collected from the tax imposed by KRS 143.020 in a given fiscal year, reduced by the total amount of refunds of that tax paid during the prior fiscal year. Effective: July 1, 2016 History: Created 2016 Ky. Acts ch. 110, sec. 1, effective July 1, 2016. 2024 -2026 Budget Reference. See Sta te/Executive Branch Budget, 2024 Ky. Acts ch. 175, Pt. I, A, 10, (3) at 1810. 2024 -2026 Budget Reference. See State/Executive Branch Budget, 2024 Ky. Acts ch. 175, Pt. I, A, 11, (1) at 1810. 2024 -2026 Budget Reference. See State/Executive Branch Budget, 20 24 Ky. Acts ch. 175, Pt. I, A, 11, (2) at 1810. 2024 -2026 Budget Reference. dget, 2024 Ky. Acts ch. 175, Pt. I, A, 11, (1) at 1810. 2024 -2026 Budget Reference. See State/Executive Branch Budget, 20 24 Ky. Acts ch. 175, Pt. I, A, 11, (2) at 1810. 2024 -2026 Budget Reference. See State/Executive Branch Budget, 2024 Ky. Acts ch. 175, Pt. I, A, 11, (4) at 1811.
Kentucky Legal Code