Any person who violates any provision of this chapter shall be subject to the uniform civil penalties imposed pursuant to KRS § 131.180 and interest upon the unpaid amount at the tax interest rate as defined in KRS § 131.010(6) from the date prescribed for its payment until payment is actually made to the department.
Effective: June 20, 2005

Terms Used In Kentucky Statutes 139.980

  • 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

History: Amended 2005 Ky. Acts ch. 85, sec. 450, effective June 20, 2005. — Amended
1992 Ky. Acts ch. 403, sec. 14, effective July 14, 1992. — Amended 1982 Ky. Acts ch. 28, sec. 1, effective July 15, 1982; and ch. 452, sec. 22, effective July 1, 1982. — Amended 1978 Ky. Acts ch. 233, sec. 30, effective June 17, 1978. — Amended 1976 ch. 155, sec. 23. — Amended 1972 Ky. Acts ch. 84, Pt. I, sec. 4. — Created 1960 Ky. Acts ch. 5, Art. I, secs. 75, 76, 77, 78, and 79, effective February 5, 1960.

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