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SCHEDULE LLET(K)

Taxable Year Ending

*1200020288*

_ _

41A720LLET(K) (10-12)

Mo.

Yr.

Commonwealth of Kentucky

LIMITED LIABILITY ENTITY TAX

DEPARTMENT OF REVENUE

(For a Limited Liability Pass–through Entity with



Member of a Combined Group

Economic Development Project(s))

➤ See instructions.

____

Reason Code

KRS 141.0401

➤ Attach to Form 720S, 725 or 765.

Name of Limited Liability Pass-through Entity

Federal Identification

Kentucky Corporation/LLET

Number

Account Number

__ __ __ __ __ __

__ __ __ __ __ __ __ __ __



Check this box and complete Schedule LLET(K)-C, Limited Liability Entity Tax—Continuation Sheet, if the limited liability pass-

through entity filing this tax return is a partner or member of a limited liability pass-through entity or general partnership

(organized or formed as a general partnership after January 1, 2006) doing business in Kentucky. Enter the total amounts from

Schedule LLET(K)-C in Section A of this schedule.

Section A—Computation of Gross Receipts and Gross Profits Excluding Economic Development Project(s)

Column A

Column B

Kentucky

Total

1. Gross receipts after returns and allowances of the pass-through entity ...........

2. Economic development project’s gross receipts after returns

and allowances.......................................................................................................

3. Gross receipts excluding the economic development project(s) (line 1

less line 2 or amount from Schedule LLET(K)-C) ................................................

4. (a) Cost of goods sold of the pass-through entity ............................................. 4(a)

(b) Economic development project’s cost of goods sold .................................

(b)

project(s) (line 4(a) less line 4(b)) ...................................................................

(c)

5. Gross profits excluding the economic development project(s)(line 3

less line 4(c) or amount from Schedule LLET(K)-C) ......................................

Section B—Computation of Gross Receipts LLET

1. If gross receipts from all sources (Column B, line 3) are $3,000,000

or less, STOP and enter $175 on Section D, line 1 .......................................

2. If gross receipts from all sources (Column B, line 3) are greater than

$3,000,000 but less than $6,000,000, enter the following:

[

]

(Column A, line 3 x 0.00095) –

$2,850 x ($6,000,000 – Column A, line 3)

$3,000,000

but in no case shall the result be less than zero ...........................................

3. If gross receipts from all sources (Column B, line 3) are $6,000,000

or greater, enter the following: Column A, line 3 x 0.00095 .......................

4. Enter the amount from line 2 or line 3 ..........................................................

Section C—Computation of Gross Profits LLET

1. If gross profits from all sources (Column B, line 5) are $3,000,000

or less, STOP and enter $175 on Section D, line 1 ......................................

2. If gross profits from all sources (Column B, line 5) are greater than

$3,000,000 but less than $6,000,000, enter the following:

[

]

(

)

(

)

Column A, line 5 x 0.0075

–

$22,500 x

$6,000,000 – Column A, line 5

$3,000,000

but in no case shall the result be less than zero ..........................................

3. If gross profits from all sources (Column B, line 5) are $6,000,000

or greater, enter the following: Column A, line 5 x 0.0075 ........................

4. Enter the amount from line 2 or line 3 ..........................................................

Section D—Computation of LLET

1. Enter the lesser of Section B, line 4 or Section C, line 4, or a minimum

of $175 on this line and on Form 720S, 725 or 765,

Part II, line 1 ......................................................................................................

Mark the applicable Receipts Method box on Form 720S, 725 or 765, page 1, Item B.

Schedule Llet(K) - Limited Liability Entity Tax (For A Limited Liability Pass-Through Entity With Economic Development Project(S))

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