Kentucky Statutes 142.331 – Extension of time for filing return
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(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 to exceed thirty (30) days.
(2) Any person 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.
Effective: June 20, 2005
History: Amended 2005 Ky. Acts ch. 85, sec. 527, effective June 20, 2005. — Created
1994 Ky. Acts ch. 512, sec. 105, effective July 15, 1994.
(2) Any person 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 142.331
- 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
Effective: June 20, 2005
History: Amended 2005 Ky. Acts ch. 85, sec. 527, effective June 20, 2005. — Created
1994 Ky. Acts ch. 512, sec. 105, effective July 15, 1994.