Kentucky Statutes 136.132 – Report of vehicles owned or operated by public service corporations — Vehicle assessment certified separately
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(1) Each corporation included in KRS § 136.120(1) shall annually, when filing the report required by KRS § 136.130, provide to the Department of Revenue a listing of all motor vehicles and trailers operated, owned, or leased by it which are subject to registration in Kentucky with the latest registration or certificate number issued to such motor vehicle or trailer and the make, model and year of each vehicle.
(2) The Department of Revenue shall, when valuing the property of corporations or companies assessable by it, value the vehicles at no less than the value used by the property valuation administrator.
(3) In certifying the assessment of property of public service companies subject to local taxation, the department shall separately certify the amount of the assessment representing the valuation of motor vehicles and trailers or an apportionment thereof.
Effective: June 20, 2005
History: Amended 2005 Ky. Acts ch. 85, sec. 303, effective June 20, 2005. — Created
1978 Ky. Acts ch. 371, sec. 7, effective January 1, 1981.
(2) The Department of Revenue shall, when valuing the property of corporations or companies assessable by it, value the vehicles at no less than the value used by the property valuation administrator.
Terms Used In Kentucky Statutes 136.132
- Year: means calendar year. See Kentucky Statutes 446.010
(3) In certifying the assessment of property of public service companies subject to local taxation, the department shall separately certify the amount of the assessment representing the valuation of motor vehicles and trailers or an apportionment thereof.
Effective: June 20, 2005
History: Amended 2005 Ky. Acts ch. 85, sec. 303, effective June 20, 2005. — Created
1978 Ky. Acts ch. 371, sec. 7, effective January 1, 1981.