There is a newer version of the Kentucky Revised Statutes
2022
2021
2020
2019
2018
Other previous versions
View our newest version here

2009 Kentucky Revised Statutes
CHAPTER 342 WORKERS' COMPENSATION
342.1221 Penalty and interest on late payment of assessments -- Waiver.

Download pdf


Page 1 of 1 342.1221 Penalty and interest on late payment of assessments -- Waiver. Assessments levied pursuant to KRS 342.122 and unpaid on the date on which they are <br>due and payable shall bear interest at the rate specified in KRS 131.183 plus a penalty of <br>one and one-half percent (1.5%) per month or portion thereof without proration from the <br>date on which the assessment was due and payable. The funding commission shall have <br>the authority to waive part or all of the penalty, but not the interest, where it is shown to <br>the satisfaction of the commission that failure to timely pay assessments is due to <br>reasonable cause. Effective: April 4, 1994 <br>History: Amended 1994 Ky. Acts ch. 181, Part 10, sec. 34, effective April 4, 1994. -- Created 1987 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 14, effective October 26, 1987.

Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.