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A full-year resident of Kentucky files Form 740 and a person who moves into or out of Kentucky during the year or is a full-year nonresident files Form 740-NP. Individual income tax laws are found in Chapter 141 of the Kentucky Revised Statutes.
The Corporation Income/Limited Liability Entity Tax Estimated Tax Voucher, Form 720ES, is used to submit estimated tax payments for corporation income tax and LLET. Electronic Fund Transfer available at .revenue.ky.gov.
Who Must FileThe owners of a pass-through entity are liable for tax on their share of the Pass-through entity income, whether or not distributed, and must include their share on the applicable Kentucky tax return.
Tangible personal property is physical property, usually movable, that has value and utility in and of itself (examples: trade tools, fixtures, office equipment, inventory).
Each individual, partnership, or corporation that has taxable personal property must file a return Form 62A500 between January 1 and May 15th with their local Property Valuation Administrator (PVA).
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In most states, a business that owned tangible property on January 1 must file a tax return form with the property appraisal office no later than April 1 in the same year, but keep in mind, dates may vary by location.
This declaration is used by the county assessor to determine the taxable value of your personal property, e.g. vehicles, recreational equipment, livestock, farm machinery, etc. The information you provide will be used to prepare your annual tax bill.
A full-year resident of Kentucky files Form 740 and a person who moves into or out of Kentucky during the year or is a full-year nonresident files Form 740-NP.

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