KRS 136.372: Declaration of estimated tax -- Payment -- Adjustments -- Penalties.

(1) Any company whose tax, as provided in KRS 136.320, 136.330, 136.340, 136.350,

136.370, or 304.3 -270 was five thousand dollars ($5,000) or more in the previous

year shall file a declaration of estimated tax.

(2) The tax due shall be paid in three (3) in stallments, one-third (1/3) on or before June

1, one -third (1/3) on or before October 1, and the remainder on or before the

following March 1.

(3) (a) Any adjustments may be made on or before October 1.

(b) All adjustments shall be made on or before March 1.

(c) If any taxpayer uses the amount of the tax liability for the previous calendar

year as the estimate for the declaration, no penalties or interest shall apply to

any subsequent adjustments.

(4) All taxes not paid when due may be subject to:

(a) A pen alty of five percent (5%) per month, but not more than twenty -five

percent (25%) penalty shall be assessed on any one (1) report; and

(b) Interest at the tax interest rate as defined in KRS 131.010(6) from the date the

report was due.