136.1873 Application of section -- Taxation of vehicles of system whose route or

150 words·~1 min read·/ky/136-1873

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

operation is partly within this state. The provisions of this section shall apply to assessments made prior to January 1, 2007.

(1)Notwithstanding the provisions of KRS 132.487, trucks, trailers, tractors,

semitrailers, and buses of any person, corporation, partnership, or any other

business association whose route or system is partly within this state and partly

within another state or states, shall be assessed by the Department of Revenue for

purposes of taxation as of January 1 each year.

(2)The proportion of miles operated in this state compared to the total miles operated

everywhere shall be considered in fixing the value of the property for taxation.

Other reasonable evidence shall be considered in fixing the value. However, pick-up

and delivery vehicles operating from a terminal within this state or vehicles which

do not leave this state in the normal course of business shall not be valued on an

apportioned basis.