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

204 words·~1 min read·/ky/chapter-141/141-071

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(1)The term "political party" 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

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

that the tax paid or portion thereof be paid, as provided under this section and KRS

141.072, to a political party. Amounts of individual tax liability permitted to be so

designated are as follows: for the 1982 taxable year, one dollar and fifty cents

($1.50); for the 1983 taxable year, one dollar and seventy-five cents ($1.75); and for

the 1984 taxable year and for every year thereafter, two dollars ($2). In the case of a

joint return, each spouse shall, for the purposes of this section, be considered to

have an equal tax liability and may each designate amounts as provided in this

section, provided that the joint tax liability is at least as great as amounts jointly so

designated. Such designation shall not increase or decrease the income tax liability

of any taxpayer nor shall it reduce the overpayment of any taxpayer.