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154.34.090 Certification of the tax liability of approved company.

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154.34-090 Certification of the tax liability of approved company. By October 1 of each year, the Department of Revenue of the Commonwealth shall <br>certify to the authority, in the form of an annual report, aggregate tax credits claimed on <br>tax returns filed during the fiscal year ending June 30 of that year by approved companies <br>with respect to their reinvestment projects under this subchapter and KRS 141.415 and <br>shall certify to the authority, within ninety (90) days from the date an approved company <br>has filed its state tax return, when an approved company has taken inducements equal to <br>its approved costs. Effective: June 26, 2009 <br>History: Amended 2009 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 6, effective June 26, 2009. -- Amended 2006 (1st Extra. Sess.) Ky. Acts ch. 2, sec. 63, effective June 28, <br>2006. -- Amended 2005 Ky. Acts ch. 85, sec. 586, effective June 20, 2005. -- Created <br>2003 Ky. Acts ch. 148, sec. 9, effective June 24, 2003. Legislative Research Commission Note (6/26/2009). 2009 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 7, provides that, notwithstanding the amendments contained in Sections 1 <br>to 6 of that Act (which includes this statute), &quot;all reinvestment projects preliminarily <br>approved on or after the effective date of this Act shall not be eligible for final <br>approval until July 1, 2010&quot;; and 2009 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 8, <br>provides that, notwithstanding the amendments in Sections 1 to 6 of that Act or the <br>repeals in Section 114 of that Act, &quot;all reinvestment projects preliminarily or finally <br>approved prior to the effective date of this Act shall be governed by Subchapter 34 of <br>KRS Chapter 154 as it existed prior to the effective date of this Act.&quot; 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;