{"data":{"id":"us-ky/krs-132.825","jurisdiction":"us-ky","citation":"KRS 132.825","heading":"Listing of property required.","body":"(1) It shall be the duty of all persons providing communications services or\nmultichannel video programming services defined under KRS 136.602 owning or\nhaving any interest in tangible personal property in this state to list or have listed the\nproperty with the department between January 1 and May 15 in each year reporting\nthe full details, a correct description of the property and its value.\n(2) The department shall have sole power to value and assess all tangible personal\nproperty of multichannel video programming service providers and communications\nservice providers. Such property shall be valued and assessed in accordance with\nprocedures established for locally assessed tangible property. The department shall\ndevelop forms for reporting.\n(3) Providers of multichannel video programming services or communications services\nshall not be required to list, and the department shall not assess intangible property\nas defined in KRS 132.010.\n(4) It is the intent of KRS 136.600 to 136.660 to relieve communications serv ice\nproviders and multichannel video programming service providers from the tax\nliability imposed under KRS 136.120 by:\n(a) Requiring real, tangible, and intangible property owned by communications\nservice providers and multichannel video programming servi ce providers to\nbe assessed and taxed in the same manner as real, tangible, and intangible\nproperty of all other taxpayers under KRS Chapter 132 excluding KRS\n132.030; and\n(b) Replacing revenues received from communications service providers and\nmultichannel video programming service providers under KRS 136.120,\nattributable to the franchise portion of operating property as defined in KRS\n136.115, with the levy imposed under KRS 136.616.\nTo the extent that any tangible or intangible property was considered  a part of the\nfranchise portion of operating property under KRS 136.115 and 136.120 for tax\nperiods ending prior to January 1, 2006, for a communications service provider or a\nmultichannel video programming service provider, such property shall be exempt\nfrom taxation under KRS Chapter 132 and shall not be listed, valued or assessed\nunder this section for tax periods beginning on or after December 31, 2005.\n(5) It is also the intent of KRS 136.600 to 136.660 that for communications service\nproviders and mu ltichannel video programming service providers the following\nitems, to the extent these items are intangible property, shall be exempt from\ntaxation under KRS Chapter 132 and shall not be listed, valued, or assessed by the\ndepartment or local jurisdictions. The items include but shall not be limited to:\n(a) Franchises;\n(b) Certificates of public convenience and necessity;\n(c) Licenses;\n(d) Authorizations issued by the Federal Communications Commission or any\nstate public service commission;\n(e) Customer lists;\n(f) Assembled labor force;\n(g) Goodwill;\n(h) Managerial skills;\n(i) Business enterprise value;\n(j) Speculative value; and\n(k) Any other type of personal property that is not tangible personal property.\n(6) Any person dissatisfied with or aggrieved by the finding or ruling of the department\nmay appeal the finding or ruling in the manners provided in KRS 131.110.\n(7) All persons in whose name property is assessed shall remain bound for the tax,\nnotwithstanding that they may have sold or parted with it.\n(8) The department shall allocate the assessed value of property described in subsection\n(1) of this section among the counties, cities, and taxing districts. The assessed\nvalue shall be allocated to the county, city, or taxing district where the property is\nsituated.\n(9) The department shall certify, unless otherwise specified, to the county clerk of each\ncounty in which any of the property assessment listed by the corporation is liable to\nlocal taxation, the amo unt of tangible personal property liable for county, city, or\ndistrict tax.\n(10) No appeal shall delay the collection or payment of taxes based upon the assessment\nin controversy. The taxpayer shall pay all state, county, and district taxes due on the\nvaluation that the taxpayer claims as the true value as stated in the protest filed\nunder KRS 131.110. When the valuation is finally determined upon appeal, the\ntaxpayer shall be billed for any additional tax and interest at the tax interest rate as\ndefined in  KRS 131.010(6), from the date the tax would have become due if no\nappeal had been taken. The provisions of KRS 134.015(6) shall apply to the tax bill.\n(11) The certification of valuation shall be filed by each county clerk in the clerk's office\nand shall be certified by the county clerk to the proper collecting officer of the\ncounty, city, or taxing district for collection. Any district that has the value certified\nby the department shall pay an annual fee to the department that represents an\nallocation of  the department's operating and overhead expenses incurred in\ngenerating the valuations. This fee shall be determined by the department and shall\napply to valuations for tax periods beginning on or after January 1, 2005.","path":["KRS Chapter 132"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=28326","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:24Z","sha256":"58ba4b2b1f4f928e524f0ff17f109751f173b0a6753ab07fe301c79f3617eb71","source_id":"us-ky","stale":false,"prev":"us-ky/krs-132.820","next":"us-ky/krs-132.990"},"notice":"GroundRules: Original legal text. Not legal advice."}