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141.071 Definition -- Right to designate portion of tax to political party.

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141.071 Definition -- Right to designate portion of tax to political party. (1) The term &quot;political party&quot; shall, for the purposes of this section and KRS 141.072 and 141.073, mean those parties who met the requirements of KRS 118.015 on <br>January 1 of the taxable year. (2) Every individual whose income tax liability for the taxable year is as great or greater than amounts permitted to be designated under this section, may designate <br>that the tax paid or portion thereof be paid, as provided under this section and KRS <br>141.072, to a political party. Amounts of individual tax liability permitted to be so <br>designated are as follows: for the 1982 taxable year, one dollar and fifty cents <br>(&#36;1.50); for the 1983 taxable year, one dollar and seventy-five cents (&#36;1.75); and for <br>the 1984 taxable year and for every year thereafter, two dollars (&#36;2). In the case of a <br>joint return, each spouse shall, for the purposes of this section, be considered to <br>have an equal tax liability and may each designate amounts as provided in this <br>section, provided that the joint tax liability is at least as great as amounts jointly so <br>designated. Such designation shall not increase or decrease the income tax liability <br>of any taxpayer nor shall it reduce the overpayment of any taxpayer. Effective: January 1, 1983 <br>History: Amended 1982 Ky. Acts ch. 167, sec. 1, effective January 1, 1983. -- Created 1976 Ky. Acts ch. 264, secs. 1 and 2.