{"data":{"id":"us-ky/krs-136.050","jurisdiction":"us-ky","citation":"KRS 136.050","heading":"Time of payment of corporation, property, and franchise taxes -- Interest -","body":"- Penalties.\n(1) Except where otherwise specially provided, all corporations required to make\nreports to the Department of Revenue shall pay all taxes due the state fr om them\ninto the State Treasury at the same time as natural persons are required to pay taxes,\nand when delinquent shall pay the same rate of interest and penalties as natural\npersons who are delinquent.\n(2) All state taxes assessed against any corporation  under the provisions of KRS\n136.120 to 136.200 shall be due and payable as provided in KRS 131.110. All\ncounty, city, school, and other taxes so assessed shall be due and payable thirty (30)\ndays after notice of the amount of the tax is given by the colle cting officer. The\nstate, county, city, school, and other taxes found to be due on any protested\nassessment or portion thereof shall begin to bear legal interest on the sixty -first day\nafter the Board of Tax Appeals acknowledges receipt of a protest of any  assessment\nor enters an order to certify the unprotested portion of any assessment until paid,\nexcept that in no event shall interest begin to accrue prior to January 1 following\nApril 30 of the year in which the report is due. Every corporation so assess ed that\nfails to pay its taxes when due shall be deemed delinquent, a penalty of ten percent\n(10%) on the amount of the tax shall attach, and thereafter the tax shall bear interest\nat the tax interest rate as defined in KRS 131.010(6).","path":["KRS Chapter 136"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=51507","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:26Z","sha256":"ef4bd9bc5b2597a23e18a93f503af61c8bff348d12b5c47c4f47778a35481b8e","source_id":"us-ky","stale":false,"prev":"us-ky/krs-136.040","next":"us-ky/krs-136.060"},"notice":"GroundRules: Original legal text. Not legal advice."}