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136.612 Exception in the case of worthless accounts.

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Page 1 of 1 136.612 Exception in the case of worthless accounts. A provider is authorized to take as a deduction from the tax due under KRS 136.604 the <br>amount of multichannel video programming excise tax paid in a prior reporting period on <br>any debt or account receivable arising from the sale of multichannel video programming <br>service that has become worthless and charged off for income tax purposes. If any <br>charged-off multichannel video programming excise tax is thereafter in whole or in part <br>collected by the provider, the amount so collected shall be included in the first return filed <br>after collection. Effective: January 1, 2006 <br>History: Created 2005 Ky. Acts ch. 168, sec. 94, effective January 1, 2006.