Ky. Rev. Stat. » Chapter 141
Kentucky Revised Statutes

Ky. Rev. Stat. § 141.030 (2026)

Levy of income tax on estates, trusts and fiduciaries -- Liability of

✓ current as of May 2026
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fiduciaries.

(1) The tax imposed by KRS 141.020 upon individuals shall apply to estates and trusts and to all fiduciaries. This tax shall be paid annually upon the net income of estates and of any property held in trust at the rates specified in KRS 141.020.

(2) The fiduciary shall be responsible for making the return of income for the person for whom he acts, whether the income is taxable to the fiduciary or to the beneficiaries of the income. History: Amended 1954 Ky. Acts ch. 79, sec. 4, effective June 17, 1954. -- Amended 1950 Ky. Acts ch. 172, sec. 1. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4281b-29.

Notes of Decisions
Cited in 6 cases, 1945–2006 · leading case: Atl. Coast Line R. Co. v. Commonwealth, 193 S.W.2d 749 (Ky. Ct. App. 1946).
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Atl. Coast Line R. Co. v. Commonwealth, 193 S.W.2d 749 (Ky. Ct. App. 1946). · cites it 2× “’ ’ KRS 141.030. If the income is or may in the future be payable to some non-resident corporation not of the exempt class, it is “subject to tax only to the extent to which individuals other than residents are liable under this chapter.”
McCaslin v. Hamilton, 726 S.W.2d 713 (Ky. Ct. App. 1987). “KRS 141.030; 395.105; 395.195; 395.250. The appellee is entitled to recover the personalty from appellants as the trial court directed.”
Davis v. Dep't of Revenue of the Fin. & Admin. Cabinet, 197 S.W.3d 557 (Ky. Ct. App. 2006). · cites it 2× “KRS 141.030. . KRS 141.040. . KRS 141.020(1); KRS 141.”
Davis v. Dept. Rev. Of Fin. & Admin. Cab., 197 S.W.3d 557 (Ky. Ct. App. 2006). · cites it 2× “010(11) provides that "`[n]et income' in the case of taxpayers other than corporations means adjusted gross income as defined in subsection (10) of this section, minus the standard deduction allowed by KRS 141.”
Oates, Com'r of Revenue v. Ballard, 186 S.W.2d 650 (Ky. Ct. App. 1945). · cites it 2× “” Section 141.030 KRS says: “The tax imposed by (this act) upon individuals shall apply to estates and trusts and to all fiduciaries.”
Maxwell v. Commonwealth, 263 S.W.2d 489 (Ky. Ct. App. 1953). “The statute which places a duty upon a trustee to make a return in its fiduciary *491 capacity is KRS 141.030, and it reads m part: “(1) The tax imposed by KRS 141.”
— Ky. Rev. Stat. § 141.030(1) — 2 cases
Davis v. Dep't of Revenue of the Fin. & Admin. Cabinet, 197 S.W.3d 557 (Ky. Ct. App. 2006). “KRS 141.030. . KRS 141.040. . KRS 141.020(1); KRS 141.”
Davis v. Dept. Rev. Of Fin. & Admin. Cab., 197 S.W.3d 557 (Ky. Ct. App. 2006). “010(11) provides that "`[n]et income' in the case of taxpayers other than corporations means adjusted gross income as defined in subsection (10) of this section, minus the standard deduction allowed by KRS 141.”
— Ky. Rev. Stat. § 141.030(3) — 1 case
Atl. Coast Line R. Co. v. Commonwealth, 193 S.W.2d 749 (Ky. Ct. App. 1946). “’ ’ KRS 141.030. If the income is or may in the future be payable to some non-resident corporation not of the exempt class, it is “subject to tax only to the extent to which individuals other than residents are liable under this chapter.”
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