160.615 Taxes payable, when -- Extension.

223 words·~1 min read·/ky/chapter-160/160-615

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

(1)The school taxes authorized by KRS 160.613 and 160.614 shall be due and payable

monthly and shall be remitted to the department on or before the twentieth day of

the next succeeding calendar month.

(2)On or before the twentieth day of the month following each calendar month, a

return for the preceding month shall be filed with the department in the form

prescribed by the department, together with any tax due.

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

levied by KRS 160.613 and 160.614, the department, in consultation with the

impacted school district, may permit or require returns or tax payments for periods

other than those prescribed in subsections

(1)and

(2)of this section.

(4)The department may, upon written request received on or prior to the due date of

the return or tax, for good cause satisfactory to the department, extend the time for

filing the return or paying the tax for a period not to exceed thirty

(30)days.

(5)Any person to whom an extension is granted and who pays the tax within the period

for which the extension is granted shall pay, in addition to the tax, interest at the tax

interest rate as defined in KRS 131.010(6) from the date on which the tax would

otherwise have been due.