Kentucky Statutes 131.425 – Interest on taxes paid under amnesty
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(1) Notwithstanding the provisions of KRS § 131.183(1), all taxes paid under an amnesty program return filed under the program described in KRS
131.400(3)(a) shall bear interest at one-half (1/2) the tax interest rate established by KRS § 131.183(1) or other applicable statutes.
(2) Notwithstanding the provisions of KRS § 131.183(2) and 141.235, if any overpayment of tax under KRS § 131.410 to KRS § 131.445 is refunded or credited within one hundred eighty (180) days after the return is filed, no interest shall be allowed.
(3) All installment payment agreements entered into pursuant to KRS § 131.420 relating to the program described in KRS § 131.400(3) shall bear interest on the outstanding amount of tax due during the installment period at the full rate established by KRS § 131.183 or other applicable provisions of the Kentucky Revised Statutes.
Effective:April 14, 2022
History: Amended 2022 Ky. Acts ch. 212, sec. 36, effective April 14, 2022. — Amended 2012 Ky. Acts ch. 110, sec. 4, effective April 11, 2012. — Amended
2002 Ky. Acts ch. 366, sec. 4, effective July 15, 2002. — Created 1988 Ky. Acts ch. 322, sec. 4, effective July 15, 1988.
131.400(3)(a) shall bear interest at one-half (1/2) the tax interest rate established by KRS § 131.183(1) or other applicable statutes.
(2) Notwithstanding the provisions of KRS § 131.183(2) and 141.235, if any overpayment of tax under KRS § 131.410 to KRS § 131.445 is refunded or credited within one hundred eighty (180) days after the return is filed, no interest shall be allowed.
(3) All installment payment agreements entered into pursuant to KRS § 131.420 relating to the program described in KRS § 131.400(3) shall bear interest on the outstanding amount of tax due during the installment period at the full rate established by KRS § 131.183 or other applicable provisions of the Kentucky Revised Statutes.
Effective:April 14, 2022
History: Amended 2022 Ky. Acts ch. 212, sec. 36, effective April 14, 2022. — Amended 2012 Ky. Acts ch. 110, sec. 4, effective April 11, 2012. — Amended
2002 Ky. Acts ch. 366, sec. 4, effective July 15, 2002. — Created 1988 Ky. Acts ch. 322, sec. 4, effective July 15, 1988.