{"data":{"id":"us-ky/krs-136.120","jurisdiction":"us-ky","citation":"KRS 136.120","heading":"Public service corporation property tax -- Exemptions -- Classification --","body":"Assessment -- Certification.\n(1) (a) The following public service companies shall pay a tax on their operating\nproperty to the state, and to the extent the operating property is subject to local\ntaxation, shall pay a local tax to the county, incorporated city, and taxing\ndistrict where its operating property is located:\n1. Railway companies;\n2. Sleeping car companies;\n3. Chair car companies;\n4. Dining car companies;\n5. Gas companies;\n6. Water companies;\n7. Bridge companies;\n8. Street railway companies;\n9. Interurban electric railroad companies;\n10. Express companies;\n11. Electric light companies;\n12. Electric power companies, including wind turbine and solar gener ating\ncompanies;\n13. Commercial air carriers;\n14. Air freight carriers;\n15. Pipeline companies;\n16. Privately owned regulated sewer companies;\n17. Railroad car line companies, which means any company, other than a\nrailroad company, which owns, uses, furnishes, leases, rents, or operates\nto, from, through, in, or across this state or any part thereof, any kind of\nrailroad car including, but not limited to, flat, tank, refrigerator,\npassenger, or similar type car; and\n18. Every other like company or business performing any public service.\n(b) The following companies shall not be subject to the provisions of paragraph\n(a) of this subsection:\n1. Bus line companies;\n2. Regular and irregular route common carrier trucking companies;\n3. Taxicab companies;\n4. Providers of communications service as defined in KRS 136.602;\n5. Providers of multichannel video programming services as defined in\nKRS 136.602; and\n6. A qualified air freight forwarder as defined in KRS 141.121.\n(2) (a) The property of the taxpayers shall be cl assified as operating property,\nnonoperating tangible property, and nonoperating intangible property.\n(b) Nonoperating intangible property within the taxing jurisdiction of the\nCommonwealth shall be taxable for state purposes only at the same rate as the\nintangible property of other taxpayers not performing public services.\n(c) Operating property and nonoperating tangible property shall be subject to state\nand local taxes at the same rate as the tangible property of other taxpayers not\nperforming public services.\n(3) (a) The Department of Revenue shall:\n1. Have sole power to value and assess all of the property of every\ncorporation, company, association, partnership, or person performing\nany public service, including those enumerated above and all others to\nwhom this section may apply, whether or not the operating property,\nnonoperating tangible property, or nonoperating intangible property has\npreviously been assessed by the department;\n2. Allocate the assessment as provided by KRS 136.170; and\n3. Certify op erating property subject to local taxation and nonoperating\ntangible property to the counties, cities, and taxing districts as provided\nin KRS 136.180.\n(b) All of the property assessed by the department pursuant to this section shall be\nassessed as of Dece mber 31 each year for the following year's taxes, and the\nlien on the property shall attach as of the assessment date.\n(c) In the case of a taxpayer whose business is predominantly nonpublic service\nand the public service business in which he is engaged is  merely incidental to\nhis principal business, the department shall in the exercise of its judgment and\ndiscretion determine, from evidence which it may have or obtain, what portion\nof the operating property is devoted to the public service business subject  to\nassessment by the department under this section and shall require the\nremainder of the property not so engaged to be assessed by the local taxing\nauthorities.","path":["KRS Chapter 136"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=45218","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:27Z","sha256":"67d772bc18dace4f9cb139be5552ed640535b4116a4c2910e44cf4cd71fc1ba5","source_id":"us-ky","stale":false,"prev":"us-ky/krs-136.115","next":"us-ky/krs-136.130"},"notice":"GroundRules: Original legal text. Not legal advice."}