2018 Kentucky Revised Statutes
CHAPTER 131 - DEPARTMENT OF REVENUE
.674 Financial institutions to provide department with identifying information on delinquent taxpayers and debtors with account -- Fee for conducting data matches -- Confidentiality of information -- Limitation on liability.

Universal Citation: KY Rev Stat § 131.674 (2018)

Previous Next

131.674 Financial institutions to provide department with identifying information on delinquent taxpayers and debtors with account -- Fee for conducting data matches -- Confidentiality of information -- Limitation on liability. (1) (2) (3) (4) Financial institutions doing business in the Commonwealth shall provide identifying information each calendar quarter to the department for each delinquent taxpayer or debtor identified by the department that is indebted to the Commonwealth for delinquent taxes or debts and who maintains an account at the institution. The financial institution shall be paid a fee for conducting data matches from the delinquent taxpayer's account, not to exceed the actual cost. Except for the exchange of information between the department and financial institutions necessary for the enforcement of KRS 131.670 to 131.676, any information obtained by the department from financial institutions shall be subject to confidentiality restrictions imposed on the department by KRS 131.190. A financial institution shall not be liable for encumbering or surrendering any assets held by the financial institution in response to a lien or notice of levy issued by the department, or any other action taken in good faith to comply with the requirements of KRS 131.670 to 131.676. Effective: April 25, 2006 History: Created 2006 Ky. Acts ch. 252, Pt. XVII, sec. 3, effective April 25, 2006.

Previous Next

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.

2018 Kentucky Revised StatutesCHAPTER 131 - DEPARTMENT OF REVENUE.674 Financial institutions to provide department with identifying information on delinquent taxpayers and debtors with account -- Fee for conducting data matches -- Confidentiality of information -- Limitation on liability.

2018 Kentucky Revised Statutes
CHAPTER 131 - DEPARTMENT OF REVENUE
.674 Financial institutions to provide department with identifying information on delinquent taxpayers and debtors with account -- Fee for conducting data matches -- Confidentiality of information -- Limitation on liability.