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141.410 Definitions for KRS 141.410 to 141.414.

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141.410 Definitions for KRS 141.410 to 141.414. As used in KRS 141.410 to 141.414, unless the context requires otherwise: <br>(1) &quot;Approved costs&quot; means the costs incurred during the taxable year by a qualified farming operation for training and improving the skills of managers and employees <br>involved in a networking project. (2) &quot;Business network&quot; means a formalized, collaborative mechanism organized by and operating among three (3) or more qualified farming operations, industrial entities, <br>business enterprises, or private sector firms for the purposes of, but not limited to: <br>pooling expertise; improving responses to changing technology or markets; <br>lowering the risks to individual entities of accelerated modernization; encouraging <br>new technology investments, new market development, and employee skills <br>improvement; and developing a system of collective intelligence among <br>participating entities. (3) &quot;Food producing facilities&quot; means establishments that manufacture or process foods and beverages for human consumption, and which are included under the three (3) <br>digit NAICS code three hundred eleven (311). (4) &quot;Networking project&quot; means a project by which farmers and other entities involved in the production of food join together to form a network approved by the Cabinet <br>for Economic Development for the purpose of producing or expanding the <br>production of crops or livestock necessary for the establishment or expansion of <br>secondary food-producing facilities in Kentucky. (5) &quot;Qualified farming operation&quot; means an individual, sole proprietorship, partnership, joint venture, trust, unincorporated organization, association, corporation, or <br>institution, engaged in farming in Kentucky that provides raw materials for food-<br>producing facilities in Kentucky, and that purchases new buildings or equipment, or <br>that incurs training expenses, to support its participation in a networking project. (6) &quot;NAICS code&quot; means the classification system grouping business operations or enterprises as published in the North American Industry Classification System <br>United States Manual published by Convergence Working Group and the United <br>States Office of Management and Budget, 2002 edition. (7) &quot;Kentucky gross receipts&quot; means Kentucky gross receipts as defined in KRS 141.0401. (8) &quot;Kentucky gross profits&quot; means Kentucky gross profits as defined in KRS 141.0401. Effective: June 28, 2006 <br>History: Amended 2006 (1st Extra. Sess.) Ky. Acts ch. 2, sec. 28, effective June 28, 2006. -- Amended 2006 Ky. Acts ch 252, Pt. XIII, sec. 11, effective April 25, 2006. - <br>Amended 2005 Ky. Acts ch. 168, sec. 29, effective March 18, 2005. -- Created 1994 <br>Ky. Acts ch. 390, sec. 16, effective July 15, 1994. Legislative Research Commission Note (6/28/2006). 2006 (1st Extra Sess.) Ky. Acts ch. 2, sec. 73, provides that &quot;unless a provision of this Act specifically applies to an <br>earlier tax year, the provisions of this Act shall apply to taxable years beginning on or <br>after January 1, 2007.&quot; Legislative Research Commission Note (3/18/2005). 2005 Ky. Acts ch. 168, sec. 165, provides that this section shall apply to tax years beginning on or after January 1, <br>2005.