Protest Time Period Changes For notices of tax due and refund denials issued on or after July 1, 2018, the time to file a protest increased from 45 to 60 days. This 60-day protest period applies to tangible personal property tax bills. These changes do not apply to protests of real property tax assessments.
Federal Audit Final Determinations The due date for submission to Kentucky increases from 30 to 180 days. Taxpayers now have 180 days to submit an amended income tax return to Kentucky from the date the federal audit final determination is issued by the IRS.
For tax years beginning on or after January 1, 2018, the previous rate brackets have been replaced with a flat 5% tax rate.
For tax years beginning on or after January 1, 2018:
- Single Sales Factor
- Market Based Sourcing of receipts for sales of intangible property
- Three-factor apportionment retained for providers.