Form 765-Gp - Kentucky General Partnership Income Return

Line 41—Enter the New Markets Program Tax Credit as provided

Line 20—Enter the Qualified Research Facility Tax Credit as

by KRS 141.434 and attach Kentucky Form 8874(K)-A (Form

provided by KRS 141.395 and attach Kentucky Schedule QR

41A720-S81).

(Form 41A720QR).

Line 42—Enter the refundable Certified Rehabilitation Tax Credit

Line 21—Enter the GED Incentive Tax Credit as provided by

as provided by KRS 141.382 and attach the Kentucky Heritage

KRS 151B.127 and attach GED–Incentive Program Final Report

Council certification(s) or Kentucky Schedule(s) K–1 (Form

(Form DAEL–31) for each employee that completed a learning

765–GP).

contract during the year.

Line 43—Enter the refundable Film Industry Tax Credit as

Line 22—Enter the Voluntary Environmental Remediation

provided by KRS 141.383 and attach the Kentucky Film Office

Tax Credit as provided by KRS 141.418 and attach Kentucky

certification(s) or Kentucky Schedule(s) K–1 (Form 765–GP).

Schedule VERB (Form 41A720VERB).

Line 44(a)—Enter the information provided on federal Schedule

Line 23—Enter the Biodiesel Tax Credit as provided by

K, Form 1065, Line 13c(1).

KRS 141.424 and at tach Kentuck y Schedule BIO (Form

Line 44(b)—Enter the amount reported on federal Schedule K,

41A720BIO).

Form 1065, Line 13c(2).

Line 24—Enter the Environmental Stewardship Tax Credit as

Line 45—Enter the total amount of interest income of the

provided by KRS 141.430 and attach Kentucky Schedule KESA

partnership from U.S. government bonds and securities and

(Form 41A720KESA).

obligations of Kentucky and its political subdivisions.

Line 25—Enter the Clean Coal Incentive Tax Credit as provided

Line 46—Enter the total amount of any other type of income of

by KRS 141.428 and attach Kentucky Schedule CCI (Form

the partnership on which the partner is exempt from Kentucky

41A720–CCI).

income tax.

Line 26—Enter the Ethanol Tax Credit as provided by

Line 47—Enter the total amount of nondeductible expenses paid

KRS 141.4242 and attach Kentucky Schedule ETH (Form

or incurred by the general partnership including, but not limited

41A720ETH).

to, state taxes measured by gross/net income, expenses related

to tax–exempt income, etc. Do not include a deduction reported

Line 27—Enter the Cellulosic Ethanol Tax Credit as provided

elsewhere on Schedule K, Form 765–GP, capital expenditures

by KRS 141.4244 and attach Kentucky Schedule CELL (Form

or items the deductions for which are deferred to a later year.

41A720CELL).

Line 48—Enter the amount reported on federal Schedule K,

Line 28—Enter the Energy Efficiency Products Tax Credit from

Form 1065, Line 19a and 19b.

Form 5695–K, Line 6 and attach Form 5695–K.

Line 49—Attach schedules to report the general partnership’s

Line 29—Enter the Energy Efficiency Products Tax Credit from

total income, expenses and other information applicable to

Form 5695–K, Line 12 and attach Form 5695–K.

items not included on Lines 1 through 48 including, but not

limited to, any recapture of Section 179 deduction, gross income

Line 30—Enter the Energy Efficiency Products Tax Credit from

and other information relating to oil and gas well properties

Form 5695–K, Line 18 and attach Form 5695–K.

enabling the general partnership to figure the allowable

depletion deduction, and any other information the partners

Line 31—Enter the Energy Efficiency Products Tax Credit from

need to prepare their Kentucky income tax returns. See federal

Form 5695–K, Line 36 and attach Form 5695–K.

instructions for Schedule K, Form 1065, Line 13d.

Line 32—Enter the Energy Efficiency Products Tax Credit from

Domestic Production Activities Deduction (DPAD)—A pass–

Form 5695–K, Line 36 and attach Form 5695–K.

through entity does not complete Form 8903–K, but attaches

information to each partner’s, member’s or shareholder’s

Line 33—Enter the Energy Efficiency Products Tax Credit from

Kentucky Schedule K–1 that will be needed to compute

Form 5695–K, Line 51 and attach Form 5695–K.

their DPAD. A pass–through entity shall attach the following

information to each Kentucky Schedule K–1 to be used by the

Line 34—Enter the Energy Efficiency Products Tax Credit from

partner, member or shareholder to compute their DPAD for

Form 5695–K, Line 51 and attach Form 5695–K.

Kentucky income tax purposes:

Line 35—Enter the Energy Efficiency Products Tax Credit from

If the par tner, member or shareholder is an individual

Form 5695–K, Line 57 and attach Form 5695–K.

(includes estates and trusts), attach the following: (i) Domestic

Production Gross Receipts (DPGR); (ii) Kentucky Domestic

Line 36—Enter the Energy Efficiency Products Tax Credit from

Production Gross Receipts (KDPGR); and (iii) Kentucky W–2

Form 5695–K, Line 63 and attach Form 5695–K.

wages allocable to DPGR.

Line 37—Enter the ENERGY STAR Home or ENERGY STAR

If the partner or member is a corporation or pass–through

Manufactured Home Tax Credit as provided by KRS 141.437

entity, and the partnership filing Form 765 or Form 765–GP

and attach Kentucky Form 8908–K (Form 41A720–S11).

was eligible and chose to figure Qualified Production Activities

Income (QPAI) at the entity level, attach the following (i) QPAI,

Line 38—Enter the Railroad Maintenance and Improvement

adjusted to reflect differences in Kentucky and federal income

Tax Credit as provided by KRS 141.385 and attach Kentucky

tax laws; and (ii) Kentucky W–2 wages allocable to DPGR.

Schedule RR–I (Form 41A720RR–I).

If the partner or member is a corporation or pass–through

Line 39—Enter the Railroad Expansion Tax Credit as provided

entity, and the partnership filing Form 765 or Form 765–GP

by KRS 141.386 and attach Kentucky Schedule RR–E (Form

was not eligible or chose not to figure QPAI at the entity level,

41A720RR–E).

attach the following (i) DPGR (ii) Cost of goods sold allocable

to DPGR, adjusted to reflect differences in Kentucky and federal

Line 40—Enter the ENDOW Kentucky Tax Credit as provided by

income tax laws; (iii) Expenses allocable to DPGR, adjusted to

KRS 141.438 and attach a copy of Kentucky Schedule ENDOW

reflect differences in Kentucky and federal income tax laws;

(Form 41A720-S86).

and (iv) Kentucky W–2 wages allocable to DPGR.

Form 765-Gp - Kentucky General Partnership Income Return - 2012 Page 8

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