143.022 Coal severance tax refund on exported coal.

168 words·~1 min read·/ky/chapter-143/143-022

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)A taxpayer engaged in severing or processing coal within this Commonwealth that

has paid the tax imposed under KRS 143.020 may apply for a refund equal to the

amount of tax paid under KRS 143.020 if the coal is transported directly to a market

outside of North America.

(2)To apply for the refund allowed under subsection

(1)of this section the taxpayer

shall file an application for refund with the department and submit all information

and documentation necessary to substantiate that the tax was paid upon the coal

which was transported directly to a market outside of North America.

(3)The refund process allowed under subsection

(1)of this section is available

beginning on or after August 1, 2020, but before July 1, 2026, and limited during

any calendar year to the export of a combined total of ten million (10,000,000) tons

of coal subject to the tax imposed under KRS 143.020 and exported through United

States coal export terminals to markets outside of North America.