131.990 Penalties.
613 words·~3 min read·
/ky/chapter-131/131-990A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)1. Any person who violates the intentional unauthorized inspection
provisions of KRS 131.190(1) shall be fined not more than five hundred
dollars ($500) or imprisoned for not more than six
(6)months, or both.
2. Any person who violates the provisions of KRS 131.190(1) by divulging
confidential taxpayer information shall be fined not more than one
thousand dollars ($1,000) or imprisoned for not more than one
(1)year,
or both.
3. Any person who violates the intentional unauthorized inspection
provisions of KRS 131.190(4) shall be fined not more than one thousand
dollars ($1,000) or imprisoned for not more than one
(1)year, or both.
4. Any person who violates the provisions of KRS 131.190(4) by divulging
confidential taxpayer information shall be fined not more than five
thousand dollars ($5,000) or imprisoned for not more than five
(5)years,
or both.
5. Any present secretary or employee of the Finance and Administration
Cabinet, commissioner or employee of the department, member of a
county board of assessment appeals, property valuation administrator or
employee, or any other person, who violates the provisions of KRS
131.190(1) or
(4)may, in addition to the penalties imposed under this
subsection, be disqualified and removed from office or employment.
(b)This subsection does not apply to any person who divulges or otherwise
discloses documents, data, or other information prohibited from divulgence or
disclosure pursuant to an order by a court of competent jurisdiction.
(2)Any person who willfully fails to comply with the rules and regulations
promulgated by the department for the administration of delinquent tax collections
shall be fined not less than twenty dollars ($20) nor more than one thousand dollars
($1,000).
(3)Any person who fails to do any act required or does any act forbidden by KRS
131.210 shall be fined not less than ten dollars ($10) nor more than five hundred
dollars ($500).
(4)Any person who fails to comply with the provisions of KRS 131.155 shall, unless it
is shown to the satisfaction of the department that the failure is due to reasonable
cause, pay a penalty of one-half of one percent (0.5%) of the amount that should
have been remitted under the provisions of KRS 131.155 for each failure to comply.
(a)Any person or financial institution that fails to comply with the provisions of
KRS 131.672 and 131.674 within ninety
(90)days after notification by the
department shall, unless the failure is due to reasonable cause as defined in
KRS 131.010, be fined not less than one thousand dollars ($1,000) and no
more than five thousand dollars ($5,000) for each full month of
noncompliance. The fine shall begin on the first day of the month beginning
after the expiration of the ninety
(90)days.
(b)Any financial institution that fails or refuses to comply with the provisions of
KRS 131.672 and 131.674 within one hundred twenty
(120)days after the
notification by the department shall, unless the failure is due to reasonable
cause as defined in KRS 131.010, forfeit its right to do business within the
Commonwealth, unless and until the financial institution is in compliance.
Upon notification by the department, the commissioner of the Department of
Financial Institutions shall, as applicable, revoke the authority of the financial
institution or its agents to do business in the Commonwealth.
(6)Any taxpayer or tax return preparer who fails or refuses to comply with the
provisions of KRS 131.250 or an administrative regulation promulgated under KRS
131.250 shall, unless it is shown to the satisfaction of the department that the failure
is due to reasonable cause, pay a return processing fee of ten dollars ($10) for each
return not filed as required.