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136.130 Reports of all public service corporations -- Extensions.
(1)
(2)
(3)
(4)
(5)
(6)
Each corporation included in KRS 136.120(1) shall annually, between
December 31, and April 30, following, make and deliver to the Department of
Revenue a report in such form as the department may prescribe, showing such
of the following facts as may be requested by the department: The name and
principal place of business of the corporation; the kind of business engaged in;
the amount of capital stock, preferred and common, and the number of shares
of each; the amount of stock paid up; the par and fair cash value of the stock;
the highest price at which the stock was sold at a bona fide sale within twelve
(12) months next before December 31 of the year for which the report is
required to be made; the amount of surplus funds and undivided profits; the
total amount of indebtedness as principal; the cost and year acquired of all
operating property owned, operated, or leased, including property under
construction, property held for future use, and the depreciation attributable
thereto as of December 31, the cost and year acquired of all nonoperating
tangible property and the depreciation attributable thereto; the cost and market
value as of December 31 of all intangible property; the value of all other assets;
the operating and nonoperating revenues, the net utility operating income
before and after depreciation and before and after income taxes, the net
income from operations, the net income including income from investments,
and income from all other sources for twelve (12) months next preceding
December 31 of the year for which the report is required; the amount and kind
of operating property in this state, and where situated in each county, city, and
taxing district, assessed or liable to assessment in this state, and the fair cash
value thereof, the length and description of all the lines operated, owned, or
leased in this state and in each county, city, and taxing district; and such other
facts as the department may require.
The report shall cover the period of twelve (12) months ending December 31.
The department may change the date of the reports to conform to any change
in date established by federal regulations.
If any corporation is in the hands or under the control of a receiver or other
person, by order of a court, the receiver or other person shall make the reports
required by this section and by KRS 136.140.
All public service corporations included in KRS 136.120 shall file with the report
required by subsection (1) of this section a copy of all reports to their
stockholders and a complete copy of their report to the Kentucky regulating
authority for the year ending December 31.
The Department of Revenue may grant an extension of thirty (30) days to file
the public service property tax return when, in its judgment, good cause exists.
The department shall keep a record of every extension and the taxpayer shall
attach a copy of the approved extension to his return when filed.
A taxpayer may be granted a thirty (30) day extension for filing the public
service company property tax return if it requests the extension before the due
date of the return and includes with the extension request a report of any
increases or decreases in property of fifty thousand dollars ($50,000) or more
in any taxing district.
Effective:June 20, 2005
History: Amended 2005 Ky. Acts ch. 85, sec. 302, effective June 20, 2005. -Amended 1990 Ky. Acts ch. 163, sec. 4, effective July 13, 1990. -- Amended
1986 Ky. Acts ch. 496, sec. 5, effective August 1, 1986. -- Amended 1960 Ky.
Acts ch. 186, Art. II, sec. 3, effective March 25, 1960. -- Recodified 1942 Ky.
Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 4078,
4078a, 4079, 4089, 4096, 4097.
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