132.130 Distilled spirits in bonded warehouses to be reported by proprietor or

407 words·~2 min read·/ky/132-130

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

custodian.

(1)Effective January 1, 1967, every owner, proprietor, or custodian of a bonded

warehouse or of premises under the control and supervision of the United States

Internal Revenue Service, in which distilled spirits are stored shall between January

1 and February 1 of each year file with the Department of Revenue a report sworn

to by him showing the quantity and kind of distilled spirits in the bonded warehouse

or premises as of January 1 of that year; the quantity and kind of spirits on which

the federal tax has been paid or is due; what distilled spirits have been removed

from the bonded warehouse or premises for transfer in bond out of this state during

the preceding twelve

(12)months; the county, city, and taxing district in which such

distilled spirits were certified for taxation; the fair cash value of the distilled spirits

estimated at a price it would bring at a fair voluntary sale; and such other facts

pertaining to the distilled spirits as the department may require.

(2)On January 1, May 1, and September 1, after the federal tax has been paid or

becomes due, or after any of the distilled spirits are removed from the bonded

warehouse or premises for transfer in bond out of this state, every owner, proprietor,

or custodian of a bonded warehouse or premises in which distilled spirits are stored

upon which taxes have accrued on assessments prior to January 1, 1967, shall file

with the Department of Revenue and the county clerk, in which county the distilled

spirits were at the time of the assessment, a statement, sworn to by him, showing the

quantity of the distilled spirits on which the federal tax has been paid or is due; what

distilled spirits have been removed from the bonded warehouse or premises or

transferred in bond out of this state during the preceding four

(4)months; the years

in which such distilled spirits were assessed for taxation; and the county, city, or

taxing district in which the distilled spirits were stored at the time of the

assessment. At the same time, all taxes and interest on such distilled spirits due the

state, county, or other taxing district shall be paid to the officers entitled to receive

them. The report required by this section shall be made whether or not any distilled

spirits are stored in the bonded warehouse or premises at the time the report is due.