Find Legal Information

138.280 Payment of tax -- Electronic payment requirements.

Download pdf

138.280 Payment of tax -- Electronic payment requirements. (1) For tax periods beginning prior to January 1, 2007, the reports required by KRS 138.240 shall be accompanied by a certified or cashier's check, payable to the State <br>Treasurer, for the amount of tax due for the preceding calendar month, computed as <br>provided in KRS 138.270; except that the department may waive this requirement <br>and accept the dealer's check or allow for remittance of the tax owed to the <br>department by electronic fund transfer where the dealer is of sound financial <br>condition and has established a good record of compliance with the requirements of <br>KRS 138.210 to 138.340. (2) By virtue of the allowance provided by KRS 138.270 to dealers for collecting and remitting the tax, every dealer is a trust officer of the state. Effective: July 15, 2010 <br>History: Amended 2010 Ky. Acts ch. 147, sec. 7, effective July 15, 2010. -- Amended 2006 Ky. Acts ch. 188, sec. 2, effective July 12, 2006. -- Amended 2005 Ky. Acts <br>ch. 85, sec. 362, effective June 20, 2005; and ch. 134, sec. 4, effective June 20, 2005. <br>-- Amended 1950 Ky. Acts ch. 24, sec. 2. -- Recodified 1942 Ky. Acts ch. 208, <br>sec. 1, effective October 1, 1942, from Ky. Stat. secs. 4281g-10, 4281g-12. Legislative Research Commission Note (6/20/2005). Ky. Acts chs. 11, 85, 95, 97, 98, 99, 123 and 181 instruct the Reviser of Statutes to correct statutory references to <br>agencies and officers whose names have been changed in 2005 legislation confirming <br>the reorganization of the executive branch. Such a correction has been made in this <br>section.