Kentucky Statutes 138.280 – Payment of tax — Electronic payment requirements
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(1) For tax periods beginning prior to January 1, 2007, the reports required by KRS
138.240 shall be accompanied by a certified or cashier’s check, payable to the State Treasurer, for the amount of tax due for the preceding calendar month, computed as provided in KRS § 138.270; except that the department may waive this requirement and accept the dealer’s check or allow for remittance of the tax owed to the department by electronic fund transfer where the dealer is of sound financial condition and has established a good record of compliance with the requirements of KRS § 138.210 to KRS § 138.340.
(2) By virtue of the allowance provided by KRS § 138.270 to dealers for collecting and remitting the tax, every dealer is a trust officer of the state.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 147, sec. 7, effective July 15, 2010. — Amended
2006 Ky. Acts ch. 188, sec. 2, effective July 12, 2006. — Amended 2005 Ky. Acts ch.
85, sec. 362, effective June 20, 2005; and ch. 134, sec. 4, effective June 20, 2005. — Amended 1950 Ky. Acts ch. 24, sec. 2. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 4281g-10, 4281g-12.
Legislative Research Commission Note (6/20/2005). Ky. Acts chs. 11, 85, 95, 97, 98,
99, 123 and 181 instruct the Reviser of Statutes to correct statutory references to agencies and officers whose names have been changed in 2005 legislation confirming the reorganization of the executive branch. Such a correction has been made in this section.
138.240 shall be accompanied by a certified or cashier’s check, payable to the State Treasurer, for the amount of tax due for the preceding calendar month, computed as provided in KRS § 138.270; except that the department may waive this requirement and accept the dealer’s check or allow for remittance of the tax owed to the department by electronic fund transfer where the dealer is of sound financial condition and has established a good record of compliance with the requirements of KRS § 138.210 to KRS § 138.340.
Terms Used In Kentucky Statutes 138.280
- Month: means calendar month. See Kentucky Statutes 446.010
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
(2) By virtue of the allowance provided by KRS § 138.270 to dealers for collecting and remitting the tax, every dealer is a trust officer of the state.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 147, sec. 7, effective July 15, 2010. — Amended
2006 Ky. Acts ch. 188, sec. 2, effective July 12, 2006. — Amended 2005 Ky. Acts ch.
85, sec. 362, effective June 20, 2005; and ch. 134, sec. 4, effective June 20, 2005. — Amended 1950 Ky. Acts ch. 24, sec. 2. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 4281g-10, 4281g-12.
Legislative Research Commission Note (6/20/2005). Ky. Acts chs. 11, 85, 95, 97, 98,
99, 123 and 181 instruct the Reviser of Statutes to correct statutory references to agencies and officers whose names have been changed in 2005 legislation confirming the reorganization of the executive branch. Such a correction has been made in this section.