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138.280 Payment of tax -- Electronic payment requirements.
(1)
(2)
For tax periods beginning prior to January 1, 2007, the reports required by
KRS 138.240 shall be accompanied by a certified or cashier's check, payable
to the State Treasurer, for the amount of tax due for the preceding calendar
month, computed as provided in KRS 138.270; except that the department may
waive this requirement and accept the dealer's check or allow for remittance of
the tax owed to the department by electronic fund transfer where the dealer is
of sound financial condition and has established a good record of compliance
with the requirements of KRS 138.210 to 138.340.
By virtue of the allowance provided by KRS 138.270 to dealers for collecting
and remitting the tax, every dealer is a trust officer of the state.
Effective:July 15, 2010
History: Amended 2010 Ky. Acts ch. 147, sec. 7, effective July 15, 2010. -Amended 2006 Ky. Acts ch. 188, sec. 2, effective July 12, 2006. -- Amended
2005 Ky. Acts ch. 85, sec. 362, effective June 20, 2005; and ch. 134, sec. 4,
effective June 20, 2005. -- Amended 1950 Ky. Acts ch. 24, sec. 2. -- Recodified
1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat.
secs. 4281g-10, 4281g-12.
Legislative Research Commission Note (6/20/2005). Ky. Acts chs. 11, 85, 95, 97,
98, 99, 123 and 181 instruct the Reviser of Statutes to correct statutory
references to agencies and officers whose names have been changed in 2005
legislation confirming the reorganization of the executive branch. Such a
correction has been made in this section.
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