Kentucky Statutes 143.080 – Interest
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Any tax not paid on or before the due date shall bear interest at the tax interest rate as defined in KRS § 131.010(6) from the date due until paid.
Effective: July 1, 1982
History: Amended 1982 Ky. Acts ch. 452, sec. 28, effective July 1, 1982. — Created
1972 Ky. Acts ch. 62, Pt. II, sec. 8.
Effective: July 1, 1982
Terms Used In Kentucky Statutes 143.080
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
History: Amended 1982 Ky. Acts ch. 452, sec. 28, effective July 1, 1982. — Created
1972 Ky. Acts ch. 62, Pt. II, sec. 8.