Kentucky Statutes 234.420 – Civil penalties for violation of KRS 234.370
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Any person who violates any provision of KRS § 234.370 shall be subject to the uniform civil penalties imposed pursuant to KRS § 131.180 and interest at the tax interest rate as defined in KRS § 131.010(6) shall be paid as a part of the tax.
Effective: August 1, 1992
History: Amended 1992 Ky. Acts ch. 338, sec. 9, effective August 1, 1992; and ch.
403, sec. 23, effective August 1, 1992. — Created 1960 Ky. Acts ch. 176, sec. 13, effective July 1, 1960.
Legislative Research Commission Note (7/14/92). This section was amended by two
1992 Acts. Where those Acts are not in conflict, they have been compiled together. Where a conflict exists, the Act which was last enacted by the General Assembly prevails, pursuant to KRS § 446.250.
Effective: August 1, 1992
Terms Used In Kentucky Statutes 234.420
- 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 1992 Ky. Acts ch. 338, sec. 9, effective August 1, 1992; and ch.
403, sec. 23, effective August 1, 1992. — Created 1960 Ky. Acts ch. 176, sec. 13, effective July 1, 1960.
Legislative Research Commission Note (7/14/92). This section was amended by two
1992 Acts. Where those Acts are not in conflict, they have been compiled together. Where a conflict exists, the Act which was last enacted by the General Assembly prevails, pursuant to KRS § 446.250.