143A.080 Monthly reporting and payment, exception.

221 words·~1 min read·/ky/chapter-143a/143a-080

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

(1)On or before the last day of the month following each calendar month, every

taxpayer shall report the gross value of natural resources sold, processed, or used

during the preceding month and pay the amount of tax due on forms prescribed by

the department.

(2)Returns shall be signed by the taxpayer required to file the return or by his duly

authorized agent but need not be verified by oath.

(3)Returns required under this section shall contain such information as the department

deems necessary for the proper administration of this chapter.

(4)The taxpayer required to file the return provided under this section shall deliver the

return together with a remittance of the amount of the tax due to the department.

(5)For purposes of facilitating the administration, payment, or collection of the taxes

levied by KRS 143A.020, the department may permit or require returns or tax

payments for periods other than monthly. When permitted, returns for other than

monthly periods shall be filed and paid in such manner as the department may

prescribe.

(6)No taxpayer shall change from the reporting system required under this section or

permitted in writing by the department, without the written authorization of the

department.

(7)A tax return is required for each reporting period even though there may be no tax

due.