2009 Kentucky Revised Statutes CHAPTER 134 PAYMENT, COLLECTION, AND REFUND OF TAXES 134.552 Disposition of penalties collected on delinquent taxes and omitted assessments -- Use for administration.
134.552 Disposition of penalties collected on delinquent taxes and omitted
assessments -- Use for administration.
(1) The twenty percent (20%) penalty established by KRS 132.290, the administrative
fee established by KRS 134.549, the fees payable to the department for collecting <br>delinquent taxes pursuant to KRS 134.504, and any other fees or penalties payable <br>to the department for collecting delinquent taxes shall be paid into the State <br>Treasury and credited as provided in subsection (2) of this section.
(2) One-fourth (1/4) of the moneys received pursuant to the provisions of subsection (1)
of this section shall be credited to the general fund. The remaining three-fourths <br>(3/4) shall be credited to a fund to be designated and known as the delinquent tax <br>fund, to be used for the administration and enforcement of the laws relating to the <br>collection of delinquent taxes and the assessment of omitted property. Salaries, fees, <br>and expenses authorized by the laws relating to the collection of delinquent taxes <br>and the assessment of omitted property, may be paid out of the delinquent tax fund <br>upon certifications or requisitions of the commissioner of revenue.
Effective: January 1, 2010 <br>History: Amended and renumbered, 2009 Ky. Acts ch. 10, sec. 26, effective January 1,
2010. -- Amended 2005 Ky. Acts ch. 85, sec. 270, effective June 20, 2005. -- <br>Amended 1990 Ky. Acts ch. 507, sec. 20, effective July 13, 1990. -- Amended 1982 <br>Ky. Acts ch. 450, sec. 65, effective July 1, 1983. -- Amended 1978 Ky. Acts ch. 400, <br>sec. 3, effective June 17, 1978. -- Amended 1976 (1st Extra. Sess.) Ky. Acts ch. 17, <br>sec. 38, effective January 1, 1978. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, <br>effective October 1, 1942, from Ky. Stat. secs. 4257a-2, 4257a-5.
Formerly codified as KRS 134.400.
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