{"data":{"id":"us-ky/krs-132.040","jurisdiction":"us-ky","citation":"KRS 132.040","heading":"Financial institutions to report and pay tax -- Lien.","body":"Each financial institution, as defined in KRS 136.500, shall file with the department on or\nbefore March 1 of each year, a report setting forth the total amount of its deposits as of\nthe preceding January 1 that are taxable in the name of the depositor und er the laws of\nthis state, and shall, on or before March 1 of each year, pay to the department one -\nthousandth of one percent (.001%) of the amount of the deposits, and may charge to and\ndeduct from the deposit of each depositor the amount of the tax paid o n his behalf.\nFinancial institutions shall have liens on the funds belonging to the respective depositors\non which the tax has been paid. Any claim for taxes against the depositor by the financial\ninstitution paying the taxes shall be asserted within six ( 6) months after the payment of\nthe taxes to the department, and no claims or liens shall be asserted after that time.","path":["KRS Chapter 132"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=28212","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:23Z","sha256":"0f5eef8658caa3b29092218509fdc23fe90886b8376b1ae392984fd8194801be","source_id":"us-ky","stale":false,"prev":"us-ky/krs-132.030","next":"us-ky/krs-132.043"},"notice":"GroundRules: Original legal text. Not legal advice."}