Kentucky
For Kentucky, section 179 conformity is conforms with state cap; state section 179 cap is $100,000 (for property placed in service on or after January 1, 2020; IRC § 179 in effect on December 31, 2003); state section 179 phase-out is phase-out provisions in effect in 2003 do not apply; bonus depreciation conformity is decouples — requires add-back; add-back rule is only the depreciation deduction allowed under IRC § 168 of the Internal Revenue Code in effect on December 31, 2001, exclusive of any amendments made subsequent to that date, are allowed, recorded from its source on 2026-08-15; source re-checked 2026-10-01.
- State
- Kentucky verified
- Section 179 conformity
- conforms with state cap our reading
- State Section 179 cap
- $100,000 (for property placed in service on or after January 1, 2020; IRC § 179 in effect on December 31, 2003)
- State Section 179 phase-out
- phase-out provisions in effect in 2003 do not apply our reading
- Bonus depreciation conformity
- decouples — requires add-back our reading
- Add-back rule
- only the depreciation deduction allowed under IRC § 168 of the Internal Revenue Code in effect on December 31, 2001, exclusive of any amendments made subsequent to that date, are allowed our reading
- IRC conformity date
- IRC as of December 31, 2001 (for depreciation)
- Has income tax
- yes our reading
- Statute or guidance citation
- IRC § 168 in effect on December 31, 2001; IRC § 179 in effect on December 31, 2003
Values marked our reading are our classification of what the source says — the source does not print them in those words. The quote below is the evidence for each one; judge it yourself.
What the source says
Yes Kansas conforms to the IRC as amended and therefore conforms to the provision of the Tax Cuts and Jobs Act that increases the maximum amount a taxpayer may expense under IRC § 179 to $1 million, increases the phase-out threshold amount to $2.5 million, and provides for indexing for inflation. State Follows Bonus Depreciation-TCJA of 2017 : No Kentucky does not conform to the Tax Cuts and Jobs Act provision that provides a 100% first-year deduction for the adjusted basis is allowed for qualified property acquired and placed in service after September 27, 2017, and before January 1, 2023. For property placed in service after September 10, 2001, only the depreciation deduction allowed under IRC § 168 of the Internal Revenue Code in effect on December 31, 2001, exclusive of any amendments made subsequent to that date, are allowed.
— accountants.intuit.com, retrieved 2026-08-15
Source
- accountants.intuit.comhttps://accountants.intuit.com/support/en-us/help-article/asset-depreciation/state-conformity-special-depreciation-allowance/L27kRyetJ_US_en_US