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  • Coal Severance Tax Return Instructions - Kentucky Department Of...

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Coal Mine Owner or Operator Address Name of Mine City State Zip Code Individual to whom questions concerning this report should be directed: Name Title Phone No. Address (if different from above).

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House Bill 1 (“HB 1”) reduced the individual income tax from 5% to 4.5% for the 2023 tax year and 4% for tax years beginning in 2024.

Natural Resources Severance & Processing Tax 4.5 percent tax on the gross value of all minerals severed in Kentucky, including natural gas and natural gas liquids. Coal and oil were specifically excluded due to taxation under other statutes.

Form 8948 (K-C)—Request for Waiver of Electronic Filing Requirement. Tax preparers can use Form 8948 (K-C) if they have a valid reason why they are not able to file a Kentucky corporation or pass-through entity income tax return electronically.

The Kentucky coal severance tax was enacted in 1972; its base was broadened in 1978 to include processing of coal. The tax is 4.5 percent of the gross value of coal severed or processed.

1) When thermal coal is sold for purposes of generating electricity, the severance tax rate is reduced as follows when produced on or after: • July 1, 2019 through June 30, 2020 —> 4.3% • July 1, 2020 through June 30, 2021 —> 3.7% • July 1, 2021 to present —> 3% 2) When thin seam coal is produced from an underground ...

Severance tax is a state tax imposed on the extraction of non-renewable natural resources that are intended for consumption in other states. These natural resources include such as crude oil, condensate and natural gas, coalbed methane, timber, uranium, and carbon dioxide.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232