2006 Kentucky Revised Statutes - .320   Report and payment to Department of Revenue -- Penalty.

134.320 Report and payment to Department of Revenue -- Penalty. (1) The sheriff shall, by the tenth day of each month, or more often as may be required by the Department of Revenue to prevent the sheriff from having funds in his possession in excess of the amount of his bond, report under oath to the department the amount of all state taxes he has collected during the preceding month, or for such period as the department may require. (2) The sheriff shall, at the time of making this report, pay to the department, for deposit with the State Treasurer, all taxes he has collected for the state for the preceding month or period. (3) The department may report to the grand jury of Franklin County any sheriff failing to report as required. Any sheriff failing to pay over any taxes collected by him and due the state, as provided by law, shall be required by the department to pay a penalty of one percent (1%) for each thirty (30) day period or fraction thereof plus interest at the legal rate per annum on such taxes. The department in its settlement with the sheriff shall charge him with such penalties and interest. (4) The Department of Revenue may grant an extension of time, not to exceed fifteen (15) days, for filing the report required by subsection (1) whenever, in its judgment, good cause therefor exists. The extension shall be in writing, and the department shall keep a record of such extensions. The extension when granted shall suspend the penalty and interest provided by subsection (3) for the duration of the extension. The penalty and interest shall apply at the expiration of the extension. Effective: June 20, 2005 History: Amended 2005 Ky. Acts ch. 85, sec. 262, effective June 20, 2005. -- Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 348, effective July 13, 1990. -- Amended 1976 (1st Extra. Sess.) Ky. Acts ch. 14, sec. 149, effective January 2, 1978. -- Amended 1960 Ky. Acts ch. 186, Art. I, sec. 27. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4143.