KRS 138.464: Weekly report to department -- Daily deposit in state depository.

(1) The county clerk shall report each Monday to the department all moneys collected

during the previous week.

(2) The clerk shall deposit motor vehicle and manufactured home u sage tax and sales

and use tax collections in accordance with KRS 131.155.

(3) Failure to deposit or, if required, transfer collections as required in subsection (2) of

this section shall subject the clerk to a penalty of two and one -half percent (2.5%)

of the amount not deposited or, if required, not transferred for each day until the

collections are deposited or transferred as required above. The penalty for failure to

deposit or transfer money collected shall not be less than fifty dollars ($50) nor

more than five hundred dollars ($500) per day.

(4) The penalties provided in this section shall not apply if the failure of the clerk is due

to reasonable cause.

(5) The department may in its discretion grant a county clerk a reasonable extension of

time to file the report or make any transfer of deposits as required in subsection (2)

of this section. The extension, however, must be requested prior to the end of the

seven (7) day period and shall begin to run at the end of said period.

(6) All penalties collect ed under this section shall be paid into the State Treasury as a

part of the revenue collected under KRS 138.450 to 138.729 and 139.778.