2014 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.
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134.552 Disposition of penalties collected on delinquent taxes and omitted
assessments -- Use for administration.
(1)
(2)
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 delinquent taxes pursuant to KRS 134.504, and any
other fees or penalties payable to the department for collecting delinquent
taxes shall be paid into the State Treasury and credited as provided in
subsection (2) of this section.
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 (3/4) shall be credited to a fund to be designated and
known as the delinquent tax fund, to be used for the administration and
enforcement of the laws relating to the collection of delinquent taxes and the
assessment of omitted property. Salaries, fees, and expenses authorized by
the laws relating to the collection of delinquent taxes and the assessment of
omitted property, may be paid out of the delinquent tax fund upon certifications
or requisitions of the commissioner of revenue.
Effective:January 1, 2010
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. -- Amended 1990 Ky. Acts ch. 507, sec. 20, effective July 13, 1990. -Amended 1982 Ky. Acts ch. 450, sec. 65, effective July 1, 1983. -- Amended
1978 Ky. Acts ch. 400, sec. 3, effective June 17, 1978. -- Amended 1976 (1st
Extra. Sess.) Ky. Acts ch. 17, sec. 38, effective January 1, 1978. -- Recodified
1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs.
4257a-2, 4257a-5.2014-2016 Budget Reference. See State/Executive Branch
Budget, 2014 Ky. Acts ch. 117, Pt. I, F, 7, (1) at 641.
Formerly codified as KRS 134.400.
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