2014 Kentucky Revised Statutes
CHAPTER 143A - NATURAL RESOURCES SEVERANCE AND PROCESSING TAXES
143A.080 Monthly reporting and payment, exception.
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<![CDATA[143A.080 Monthly reporting and payment, exception.
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On or before the last day of the month following each calendar month, every
taxpayer shall report the gross value of natural resources sold, processed, or
used during the preceding month and pay the amount of tax due on forms
prescribed by the department.
Returns shall be signed by the taxpayer required to file the return or by his duly
authorized agent but need not be verified by oath.
Returns required under this section shall contain such information as the
department deems necessary for the proper administration of this chapter.
The taxpayer required to file the return provided under this section shall deliver
the return together with a remittance of the amount of the tax due to the
department.
For purposes of facilitating the administration, payment, or collection of the
taxes levied by KRS 143A.020, the department may permit or require returns
or tax payments for periods other than monthly. When permitted, returns for
other than monthly periods shall be filed and paid in such manner as the
department may prescribe.
No taxpayer shall change from the reporting system required under this section
or permitted in writing by the department, without the written authorization of
the department.
A tax return is required for each reporting period even though there may be no
tax due.
Effective:June 20, 2005
History: Amended 2005 Ky. Acts ch. 85, sec. 549, effective June 20, 2005. -Created 1980 Ky. Acts ch. 392, sec. 8, effective June 1, 1980.
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