KRS 131.540: Release or return of property.

(1) It shall be lawful for the commissioner or his delegate, under regulations prescribed

by the commissioner, to release the levy upon all or part of the property or rights to

property levied upon where the commissioner or his delegate determines that such

action will facilitate the collection of the liability, but such release shall not operate

to prevent any subsequent levy.

(2) If the commissioner determines that property has been wrongfully levied upon, it

shall be lawful for the commissioner to return the specific property levied upon, or

an amount of money equal to the amount of money levied upon, or any amount of

money equal to the amount of money received by the commissioner from a sale of

such property.

(3) Property may be returned at any time. An amou nt equal to the amount of money

levied upon or received from such sale may be returned at any time before the

expiration of four (4) years from the date of such levy.