(1) Any taxpayer charged with the filing of reports and payment of the tax imposed by this chapter may be required to post a cash or corporate surety bond in an amount to be determined by the department.
(2) The Commonwealth may bring an action for a restraining order, temporary or permanent injunction to restrain or enjoin the operation of a taxpayer’s business until the bond is posted. Such action may be brought in the Franklin Circuit Court or in the Circuit Court having jurisdiction of the taxpayer.

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Kentucky Statutes 143.050

  • Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
  • Department: means the Department of Revenue. See Kentucky Statutes 143.010
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.

Effective: June 20, 2005
History: Amended 2005 Ky. Acts ch. 85, sec. 541, effective June 20, 2005. — Created
1972 Ky. Acts ch. 62, Pt. II, sec. 5.