KRS 134.552: Disposition of penalties collected on delinquent taxes and omitted

assessments -- Use for administration.

(1) The twenty percent (20%) penalty established by KRS 132.290, the administrative

fee established by KRS 134.549, the fees payable to the department for collecting

delinquent taxes pursuant to KRS 134.504, and any other fees or penalties payable

to the department for collecting delinquent taxes shall be paid into the State

Treasury and credited as provided in subsection (2) of this section.

(2) One-fourth (1/4) of the moneys received pursuant to the provisions of subsection

(1) of this section shall be credited to the general fund. The remaining three -fourths

(3/4) shall be credited to a fund to be designated and known as the delinquent tax

fund, to be used for the administration and enforcement of the laws relating to the

collection of delinquent taxes and the assessment of omitted property. Salaries, fees,

and expenses authorized by the laws relating to the collection of delinquent taxes

and the assessment of omitted property, may be paid out of the delinquent tax fund

upon certifications or requisitions of the commissioner of revenue.