KRS 136.132: Report of vehicles owned or operated by public service corporations --

Vehicle assessment certified separately.

(1) Each corporation included in KRS 136.120(1) shall annually, when filing the report

required by KRS 136.130, provide to the Department o f Revenue a listing of all

motor vehicles and trailers operated, owned, or leased by it which are subject to

registration in Kentucky with the latest registration or certificate number issued to

such motor vehicle or trailer and the make, model and year of each vehicle.

(2) The Department of Revenue shall, when valuing the property of corporations or

companies assessable by it, value the vehicles at no less than the value used by the

property valuation administrator.

(3) In certifying the assessment of property of public service companies subject to local

taxation, the department shall separately certify the amount of the assessment

representing the valuation of motor vehicles and trailers or an apportionment

thereof.