141.235 Action interfering with collection or payment prohibited -- Limitation on refund of taxes.
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(a) In any case where the assessment period contained in KRS 141.210 has been extended by an agreement between the taxpayer and the department, the
limitation contained in this subsection shall be extended accordingly. (b) If the claim for refund or credit relates directly to adjustments resulting from a federal audit, the taxpayer shall file a claim for refund or credit within the time
provided for in this subsection or six (6) months from the conclusion of the
federal audit, whichever is later. (c) If the claim for refund or credit relates to an overpayment attributable to a net operating loss carryback or capital loss carryback, resulting from a loss which
occurs in a taxable year beginning after December 31, 1993, the claim for
refund or credit shall be filed within the times prescribed in this subsection for
the taxable year of the net operating loss or capital loss which results in the
carryback. For the purposes of this subsection and subsection (3) of this section, a return filed
before the last day prescribed by law for filing the return shall be considered as filed
on the last day. (3) Overpayments as defined in KRS 134.580 of taxes collected pursuant to KRS 141.300, 141.310, or 141.315 shall be refunded or credited with interest at the tax
interest rate as defined in KRS 131.010(6). Effective for refunds issued after April
24, 2008, the interest shall not begin to accrue until ninety (90) days after the latest
of:
(a) The due date of the return;
(b) The date the return was filed;
(c) The date the tax was paid;
(d) The last day prescribed by law for filing the return; or
(e) The date an amended return claiming a refund is filed. (4) Exclusive authority to refund or credit overpayments of taxes collected pursuant to this chapter is vested in the commissioner or his authorized agent. Amounts directed
to be refunded shall be paid out of the general fund. Effective: March 24, 2009
History: Repealed and reenacted 2009 Ky. Acts ch. 86, sec. 9, effective March 24, 2009. -- Amended 2008 Ky. Acts ch. 132, sec. 10, effective April 24, 2008. --
Amended 2005 Ky. Acts ch. 85, sec. 492, effective June 20, 2005. -- Amended 1996
Ky. Acts ch. 344, sec. 6, effective July 15, 1996. -- Amended 1994 Ky. Acts ch. 106,
sec. 3, effective July 15, 1994. -- Amended 1982 Ky. Acts ch. 452, sec. 25, effective
July 1, 1982. --Amended 1976 Ky. Acts ch. 155, sec. 13. -- Amended 1972 Ky. Acts
ch. 203, sec. 18. -- Amended 1970 Ky. Acts ch. 216, sec. 8. -- Amended 1966 Ky. Page 2 of 2 Acts ch. 176, Part I, sec. 10. -- Amended 1962 Ky. Acts ch. 124, sec. 5. -- Amended
1954 Ky. Acts ch. 79, sec. 19. -- Created 1948 Ky. Acts ch. 93, sec. 10. Legislative Research Commission Note (3/24/2009). 2009 Ky. Acts ch. 86, sec. 15, provides that "the provisions of Sections 7 to 10 of this Act shall apply retroactively
to all outstanding refund claims for taxable years ending prior to the effective date of
this Act and shall apply to all claims for those taxable years pending in any judicial
or administrative forum." Legislative Research Commission Note (3/24/2009). 2009 Ky. Acts ch. 86, sec. 17, provides that "The intent of the General Assembly in repealing and reenacting KRS
136.392, 138.195, 141.160, 160.6156, 160.6157, 160.6158, 131.183, 141.044,
141.235, 134.580, 393.060, and 157.621 in Sections 1 to 12 of this Act is to affirm
the amendments made to these sections in 2008 Ky. Acts ch. 132. The provisions in
Sections 1 to 12 of this Act shall apply retroactively to April 24, 2008." Legislative Research Commission Note (3/24/2009). 2009 Ky. Acts ch. 86, sec. 18, provides "To the extent that any provision included in this Act is considered new
language, the provisions of KRS 446.145 requiring such new language to be
underlined are notwithstood." Legislative Research Commission Note (4/24/2008). 2008 Ky. Acts ch. 132, sec. 15 provides that the amendments made to this statute by that Act "shall apply
retroactively to all outstanding refund claims for taxable years ending prior to the
effective date of this Act (April 24, 2008) and shall apply to all claims for those
taxable years pending in any judicial or administrative forum."