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136.614 Compensation to collect and timely remit excise tax.

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136.614 Compensation to collect and timely remit excise tax. To reimburse the provider for the cost of collecting and remitting the tax imposed under KRS <br>136.604, the provider may deduct on each return one and three-fourths percent (1.75%) of the <br>first one thousand dollars (&#36;1,000) of tax due and one percent (1%) of the tax due in excess of <br>one thousand dollars (&#36;1,000), provided that the total reimbursement claimed per taxpayer in any <br>month shall not exceed one thousand five hundred dollars (&#36;1,500), if the amount due is not <br>delinquent at the time of payment. This section does not apply to purchasers who report the tax <br>directly to the department under KRS 136.606(2). Effective: January 1, 2006 <br>History: Created 2005 Ky. Acts ch. 168, sec. 95, effective January 1, 2006. <br>Legislative Research Commission Note (1/1/2006). 2005 Ky. Acts chs. 11, 85, 95, 97, 98, 99, 123, and 181 instruct the Reviser of Statutes to correct statutory references to agencies and <br>officers whose names have been changed in 2005 legislation confirming the reorganization of <br>the executive branch. Such a correction has been made in this section.