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160.615 Taxes payable, when -- Extension.
(1)
(2)
(3)
(4)
(5)
The school taxes authorized by KRS 160.613 and 160.614 shall be due and
payable monthly and shall be remitted to the department on or before the
twentieth day of the next succeeding calendar month.
On or before the twentieth day of the month following each calendar month, a
return for the preceding month shall be filed with the department in the form
prescribed by the department, together with any tax due.
For purposes of facilitating the administration, payment or collection of the
taxes levied by KRS 160.613 and 160.614, the department, in consultation with
the impacted school district, may permit or require returns or tax payments for
periods other than those prescribed in subsections (1) and (2) of this section.
The department may, upon written request received on or prior to the due date
of the return or tax, for good cause satisfactory to the department, extend the
time for filing the return or paying the tax for a period not to exceed thirty (30)
days.
Any person to whom an extension is granted and who pays the tax within the
period for which the extension is granted shall pay, in addition to the tax,
interest at the tax interest rate as defined in KRS 131.010(6) from the date on
which the tax would otherwise have been due.
Effective:March 6, 2006
History: Amended 2006 Ky. Acts ch. 6, sec. 21, effective March 6, 2006. -Amended 2004 Ky. Acts ch. 79, sec. 4, effective July 1, 2005. -- Repealed and
reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 463, effective July 13, 1990. -Created 1966 Ky. Acts ch. 24, Part III, sec. 10.
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