Kentucky Statutes 142.105 – Collection and remittance of CMRS prepaid service charges
Current as of: 2024 | Check for updates
|
Other versions
(1) The department shall collect the CMRS prepaid service charge and remit the revenues to the CMRS fund as provided in KRS § 142.100 to KRS § 142.135.
(2) A retailer shall collect the CMRS prepaid service charge from consumers pursuant to KRS § 65.7634, and shall remit the amounts collected to the department on a monthly basis, on or before the twentieth day of the next calendar month.
(3) The CMRS prepaid service charge collected by the retailer from any consumer shall:
(a) Be deemed to be held in trust by the retailer for and on account of the
Commonwealth; and
(b) Constitute a debt of the retailer to the Commonwealth.
Effective: January 1, 2017
History: Created 2016 Ky. Acts ch. 111, sec. 17, effective January 1, 2017.
(2) A retailer shall collect the CMRS prepaid service charge from consumers pursuant to KRS § 65.7634, and shall remit the amounts collected to the department on a monthly basis, on or before the twentieth day of the next calendar month.
Terms Used In Kentucky Statutes 142.105
- Month: means calendar month. See Kentucky Statutes 446.010
(3) The CMRS prepaid service charge collected by the retailer from any consumer shall:
(a) Be deemed to be held in trust by the retailer for and on account of the
Commonwealth; and
(b) Constitute a debt of the retailer to the Commonwealth.
Effective: January 1, 2017
History: Created 2016 Ky. Acts ch. 111, sec. 17, effective January 1, 2017.