(1) Any taxpayer charged with the filing of reports and payment of the tax imposed by this chapter may be required to post a cash or corporate surety bond in an amount to be determined by the department.
(2) The Commonwealth may bring an action for a restraining order, temporary or permanent injunction to restrain or enjoin the operation of a taxpayer’s business until the bond is posted. Such action may be brought in the Franklin Circuit Court or in the Circuit Court having jurisdiction of the taxpayer.

Terms Used In Kentucky Statutes 143.050

  • Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
  • Department: means the Department of Revenue. See Kentucky Statutes 143.010
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.

Effective: June 20, 2005
History: Amended 2005 Ky. Acts ch. 85, sec. 541, effective June 20, 2005. — Created
1972 Ky. Acts ch. 62, Pt. II, sec. 5.