(1) The department shall 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 exceeding thirty (30) days.
(2) 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.

Terms Used In Kentucky Statutes 139.610

  • Department: means the Department of Revenue. See Kentucky Statutes 139.010
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Person: includes any individual, firm, copartnership, joint venture, association, social club, fraternal organization, corporation, estate, trust, business trust, receiver, trustee, syndicate, cooperative, assignee, governmental unit or agency, or any other group or combination acting as a unit. See Kentucky Statutes 139.010

Effective: June 20, 2005
History: Amended 2005 Ky. Acts ch. 85, sec. 434, effective June 20, 2005. — Amended
1992 Ky. Acts ch. 338, sec. 5, effective August 1, 1992. — Amended 1976 Ky. Acts ch. 155, sec. 19. — Created 1960 Ky. Acts ch. 5, Art. I, sec. 58, effective February 5,
1960.

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