HB605

Kentucky HB605 amends income tax return deadlines and audit procedures.

Kentucky HB605 modifies the deadlines for filing income tax returns and allows the Department to audit tax returns by examining federal tax returns. It sets the deadline for most income tax returns to April of each year, with fiscal year returns due by the fifteenth day of the fourth month following the fiscal year's end. Cooperatives must file by September, or the fifteenth day of the ninth month following the fiscal year's end. The Department can compel taxpayers to produce federal tax returns and related documents for audits.