67.770 Extensions.

148 words·~1 min read·/ky/chapter-67/67-770

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

(1)A tax district may grant any business entity an extension of not more than six

months, unless a longer extension has been granted by the Internal Revenue Service

or is agreed to by the tax district and the business entity, for filing its return, if the

business entity, on or before the date prescribed for payment of the tax, requests the

extension and pays the amount properly estimated as its tax.

(2)If the time for filing a return is extended, the business entity shall pay, as part of the

tax, an amount equal to twelve percent (12%) per annum simple interest on the tax

shown due on the return, but not previously paid, from the time the tax was due

until the return is actually filed and the tax paid to the tax district. A fraction of a

month is counted as an entire month.