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Printable Form 1120 (Schedule D) Louisville Kentucky: What You Should Know

Kentucky Corporations Income Taxation & Corporation Reports and Reports of Certain Investments 913 Instruction Manual (10-22–21).pdf (Revised 9-30). 9-11 — Kentucky Corporations Income Taxation and Corporation Reports. (3) A corporation that does both the trade or business of manufacturing, producing or refining petroleum by extraction, refining or processing (including all the related supplies and materials, facilities or equipment, labor, raw materials and services needed for this purpose) and the trade or business of extracting, refining or processing other petroleum products (including all the related inputs in or used for this purpose and all the related supplies and materials, facilities or equipment used in this purpose) from petroleum-bearing sources in Kentucky has a taxable gross revenue of not to exceed 7,500. FACTORS TO BE CONSIDERED IN DETERMINING HOW MANUFACTURED AND EXTRAPOLATED: (1) The following are the only factors to be considered in determining in what proportion a product manufactured, produced or refined by a corporation is to be considered as “distributed” (as opposed to being owned) income with respect to that corporation: (a) A proportionate share of the gross revenue from the transportation of the finished product by the corporation to another territory or state of the U.S.

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