(1) Each county clerk shall annually, by January 31 of each year, make a settlement with the state, county, city, urban-county government, school, and special taxing districts for all ad valorem taxes on motor vehicles collected for the prior tax period. In the event that any county clerk resigns, dies or otherwise vacates his office, a settlement with all districts shall be made within thirty (30) days from the date the office is vacated.
(2) On final settlement, the clerk shall pay the state, county, city, urban-county government, school, or special taxing districts all moneys remaining in his hands to which they are entitled.

Terms Used In Kentucky Statutes 134.820

  • City: includes town. See Kentucky Statutes 446.010
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
  • Year: means calendar year. See Kentucky Statutes 446.010

Effective: January 1, 1985
History: Amended 1984 Ky. Acts ch. 54, sec. 5, effective January 1, 1985. — Created
1982 Ky. Acts ch. 264, sec. 11, effective January 1, 1984.