Code · Kentucky · Chapter 143 — Coal tax

143.050 Bond for payment -- Court action on unpaid bond.

88 words·~1 min read·/ky/chapter-143/143-050

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

(1)Any taxpayer charged with the filing of reports and payment of the tax imposed by

this chapter may be required to post a cash or corporate surety bond in an amount to

be determined by the department.

(2)The Commonwealth may bring an action for a restraining order, temporary or

permanent injunction to restrain or enjoin the operation of a taxpayer's business

until the bond is posted. Such action may be brought in the Franklin Circuit Court

or in the Circuit Court having jurisdiction of the taxpayer.