Kentucky Statutes 139.650 – Interest on overdue tax
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In every case, any tax not paid on or before the due date shall bear interest at the tax interest rate as defined in KRS § 131.010(6) from the date due until the date of payment.
Effective: July 1, 1982
History: Amended 1982 Ky. Acts ch. 452, sec. 20, effective July 1, 1982. — Amended
1976 Ky. Acts ch. 155, sec. 21. — Created 1960 Ky. Acts ch. 5, Art. I, sec. 62, effective February 5, 1960.
Effective: July 1, 1982
Terms Used In Kentucky Statutes 139.650
- 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
History: Amended 1982 Ky. Acts ch. 452, sec. 20, effective July 1, 1982. — Amended
1976 Ky. Acts ch. 155, sec. 21. — Created 1960 Ky. Acts ch. 5, Art. I, sec. 62, effective February 5, 1960.