Kentucky Statutes 141.170 – Extension of time for filing returns
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(1) The department may grant any taxpayer other than a corporation a reasonable extension of time for filing an income tax return whenever good cause exists, and shall keep a record of every extension. Except in the case of an individual who is abroad, no extension shall be granted for more than six (6) months. In the case of an individual who is abroad, the extension shall not be granted for more than one (1) year.
(2) A corporation may be granted an extension of not more than seven (7) months for filing its income tax return, provided the corporation, on or before the date prescribed for payment of the tax, requests the extension and pays the amount properly estimated as its tax.
(3) If the time for filing a return is extended, the taxpayer shall pay, as part of the tax, an amount equal to the tax interest rate as defined in KRS § 131.010(6) on the tax shown due on the return, but not previously paid, from the time the tax was due until the return is actually filed with the department.
Effective: June 27, 2019
History: Amended 2019 Ky. Acts ch. 151, sec. 45, effective June 27, 2019. — Amended
2005 Ky. Acts ch. 85, sec. 484, effective June 20, 2005. — Amended 1996 Ky. Acts ch. 344, sec. 3, effective July 15, 1996. — Amended 1990 Ky. Acts ch. 29, sec. 1, effective July 1, 1990. — Amended 1986 Ky. Acts ch. 459, sec. 5, effective July 15,
1986. — Amended 1982 Ky. Acts ch. 387, sec. 8, effective July 15, 1982. — Amended
1972 Ky. Acts ch. 84, Pt. II, sec. 4. — Amended 1950 Ky. Acts ch. 189, sec. 1. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 4281b-21, 4281b-25.
Legislative Research Commission Note (7/13/90). The amendment to this section made by HB 255, 1990 Ky. Acts ch. 29, was made effective for taxable years beginning on or after July 1, 1990.
(2) A corporation may be granted an extension of not more than seven (7) months for filing its income tax return, provided the corporation, on or before the date prescribed for payment of the tax, requests the extension and pays the amount properly estimated as its tax.
Terms Used In Kentucky Statutes 141.170
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Corporation: means a corporation taxable under KRS §. See Kentucky Statutes 141.010
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Department: means the Department of Revenue. See Kentucky Statutes 141.010
- Individual: means a natural person. See Kentucky Statutes 141.010
- 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
- Year: means calendar year. See Kentucky Statutes 446.010
(3) If the time for filing a return is extended, the taxpayer shall pay, as part of the tax, an amount equal to the tax interest rate as defined in KRS § 131.010(6) on the tax shown due on the return, but not previously paid, from the time the tax was due until the return is actually filed with the department.
Effective: June 27, 2019
History: Amended 2019 Ky. Acts ch. 151, sec. 45, effective June 27, 2019. — Amended
2005 Ky. Acts ch. 85, sec. 484, effective June 20, 2005. — Amended 1996 Ky. Acts ch. 344, sec. 3, effective July 15, 1996. — Amended 1990 Ky. Acts ch. 29, sec. 1, effective July 1, 1990. — Amended 1986 Ky. Acts ch. 459, sec. 5, effective July 15,
1986. — Amended 1982 Ky. Acts ch. 387, sec. 8, effective July 15, 1982. — Amended
1972 Ky. Acts ch. 84, Pt. II, sec. 4. — Amended 1950 Ky. Acts ch. 189, sec. 1. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 4281b-21, 4281b-25.
Legislative Research Commission Note (7/13/90). The amendment to this section made by HB 255, 1990 Ky. Acts ch. 29, was made effective for taxable years beginning on or after July 1, 1990.