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138.675 Cancellation of license -- Precipitation of taxes -- Cancellation of bond.

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138.675 Cancellation of license -- Precipitation of taxes -- Cancellation of bond. (1) If a licensee at any time files a false quarterly report of the information required or fails or refuses to file the quarterly report or to pay the full amount of the tax or <br>violates any other provisions of KRS 138.655 to 138.725, inclusive, without a <br>showing that such failure was due to reasonable cause, the cabinet may cancel his <br>license. (2) Upon voluntary surrender of the license certificate or upon receipt of a written request by a licensee, the cabinet may cancel his license, effective sixty (60) days <br>from the date of the request, but no such license shall be canceled upon surrender or <br>request unless the licensee has, prior to the date of cancellation, paid to this state all <br>taxes, penalties, interest and fines that are due or have accrued, and unless the <br>licensee has surrendered to the cabinet his license certificate. (3) If upon investigation the cabinet ascertains that any motor carrier or heavy equipment motor carrier to whom a license has been issued is no longer engaged as <br>such and has not been so engaged for a period of six (6) months, the cabinet may <br>cancel such license by giving the motor carrier or heavy equipment motor carrier <br>sixty (60) days' notice of cancellation mailed to his last known address in which <br>event the license certificate shall be surrendered to the cabinet. (4) Whenever a licensee ceases to engage in business within this state, he shall notify the cabinet in writing within fifteen (15) days after discontinuance. All taxes that <br>have accrued under KRS 138.655 to 138.725, inclusive, whether or not then due, <br>shall become due and payable concurrently with such discontinuance. The licensee <br>shall make a report and pay all such taxes and any interest and penalties thereon, <br>and shall surrender to the cabinet his license certificate. (5) If the license of a motor carrier or heavy equipment motor carrier is canceled by the cabinet as provided in this section and if the licensee has paid to this state all of the <br>taxes, interest and penalties due under KRS 138.655 to 138.725 and 138.990(14) <br>and (15), the cabinet shall cancel the bond filed by the licensee. History: Amended 1956 (2d Extra. Sess.) Ky. Acts ch. 9, sec. 19. -- Amended 1956 Ky. Acts ch. 171, sec. 2. -- Created 1954 Ky. Acts ch. 97, sec. 6.