Kentucky's Limited Liability Entity Tax

Loyd, Mark A.
July 2009
Journal of State Taxation;Jul/Aug2009, Vol. 27 Issue 5, p29
Academic Journal
The article discusses the new Limited Liability Entity Tax (LLET) and its applications to various entities in Kentucky. It explains that LLET is a tax on gross receipts or gross profits of each corporation and limited tax pass-through entity (LLPTE) like the limited liability company (LLC). However, it also mentions some entities which LLET is not applicable like the general partnership and a qualified investment partnership (QIP).


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