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

Ky. Rev. Stat. § 141.080 (2026)

Repealed, 1954

✓ current as of May 2026
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Catchline at repeal: Deductions allowed from gross income, to all taxpayers. History: Repealed 1954 Ky. Acts ch. 79, sec. 35, effective June 17, 1954. -- Amended 1952 Ky. Acts ch. 194, secs. 5, 6, and 7. -- Amended 1948 Ky. Acts ch. 24, sec. 1; and ch. 93, sec. 5. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4281b-3.

Notes of Decisions
Cited in 7 cases, 1947–1956 · leading case: Commonwealth ex rel. Allphin v. Borders, 267 S.W.2d 940 (Ky. Ct. App. 1954).
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Commonwealth ex rel. Allphin v. Borders, 267 S.W.2d 940 (Ky. Ct. App. 1954). · cites it 3× “The taxpayer maintains that KRS 141.080, which listed, among allowable deductions, losses “sustained during the taxable year”, did not render impracticable the application of the federal law permitting a carry over of losses sustained during a preceding year, because KRS 141.”
Fontaine v. Dep't of Fin., 249 S.W.2d 799 (Ky. Ct. App. 1952). · cites it 2× “” The pertinent parts of Chapter 24 of the Acts of 1948, now KRS 141.080 and KRS 141.085(1) (2), read: “Section 1.”
Clayton & Lambert Mfg. Co. v. Kentucky State Tax Comm'n, 265 S.W.2d 449 (Ky. Ct. App. 1954). · cites it 2× “taxpayer relies on KRS 141.080, which reads in part: “Taxpayers reporting income as prescribed by this chapter shall be allowed the-following deductions: % * * * * * “(3) *'* * income taxes'paid tó the United States.”
Allphin v. Louisville & Nashville R.R., 290 S.W.2d 787 (Ky. Ct. App. 1956). “” No distinction, as to-the method of computation and time for deducting, was drawn between the deductions in Subsection (3) and those provided for by other subsections of KRS 141.080. Hence, it is clear that the statute contemplated the subtraction of all deductions from total…”
Indep. Loose Leaf Warehouse, Inc. v. Howard, 204 S.W.2d 810 (Ky. Ct. App. 1947). · cites it 2× “See (c) of 4 of section 141.080, KRS. Wherefore for the reasons stated the judgment is reversed with directions to overrule the demurrer to plaintiff’s statement or petition filed in the Franklin circuit court and to render judgment in its favor as prayed for in its pleading…”
Maxwell v. Commonwealth, 263 S.W.2d 489 (Ky. Ct. App. 1953). “* * “Income realized or loss sustained from the sale of property held two years or more shall be ignored * KRS 141.080(3) and (4), “Taxpayers reporting income as prescribed by this chapter shall be allowed the following deductions: * * # ⅛ * * “(3) * * * income taxes paid to the…”
Fields v. Reeves, 234 S.W.2d 661 (Ky. Ct. App. 1950). “115 , does not come within the provisions of KRS 141.080 (11), and is, therefore, subject to Kentucky income tax.”
— Ky. Rev. Stat. § 141.080(3) — 1 case
Maxwell v. Commonwealth, 263 S.W.2d 489 (Ky. Ct. App. 1953). “* * “Income realized or loss sustained from the sale of property held two years or more shall be ignored * KRS 141.080(3) and (4), “Taxpayers reporting income as prescribed by this chapter shall be allowed the following deductions: * * # ⅛ * * “(3) * * * income taxes paid to the…”
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