Kentucky Revised Statutes Title XI. Revenue and Taxation § 141.4248.Transfer of unused ethanol or cellulosic ethanol tax credit caps established by KRS 141.4242 and 141.4244

(1) (a) If, in any calendar year, all approved applications for credit filed pursuant to KRS 141.4242 and 141.4244 do not completely use the annual cellulosic ethanol tax credit cap established by KRS 141.4244 or annual ethanol tax credit cap established by KRS 141.4242, as the case may be; and

(b) The other ethanol-based tax credit program has total approved applications for credit that exceed the annual cap established for that program;

then the unused cap may be transferred to the other ethanol-based tax credit program.