{"data":{"id":"us-ky/krs-138.675","jurisdiction":"us-ky","citation":"KRS 138.675","heading":"Cancellation of license -- Precipitation of taxes -- Cancellation of bond.","body":"(1) If a licensee at any time files a false quarterly report of the information required or\nfails or refuses to file the quarterly report or to pay the full amount  of the tax or\nviolates any other provisions of KRS 138.655 to 138.725, inclusive, without a\nshowing that such failure was due to reasonable cause, the cabinet may cancel his\nor her license.\n(2) Upon voluntary surrender of the license certificate or upon r eceipt of a written\nrequest by a licensee, the cabinet may cancel his or her license, effective sixty (60)\ndays from the date of the request, but no such license shall be canceled upon\nsurrender or request unless the licensee has, prior to the date of canc ellation, paid to\nthis state all taxes, penalties, interest and fines that are due or have accrued, and\nunless the licensee has surrendered to the cabinet his or her license certificate.\n(3) Whenever a licensee ceases to engage in business within this stat e, he or she shall\nnotify the cabinet in writing within fifteen (15) days after discontinuance. All taxes\nthat have accrued under KRS 138.655 to 138.725, inclusive, whether or not then\ndue, shall become due and payable concurrently with such discontinuance . The\nlicensee shall make a report and pay all such taxes and any interest and penalties\nthereon, and shall surrender to the cabinet his or her license certificate.\n(4) If the license of a motor carrier or heavy equipment motor carrier is canceled by the\ncabinet as provided in this section and if the licensee has paid to this state all of the\ntaxes, interest and penalties due under KRS 138.655 to 138.725 and 138.990(13)\nand (14), the cabinet shall cancel the bond filed by the licensee.","path":["KRS Chapter 138"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=55052","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:30Z","sha256":"e1de389854a595842e646878a5f86a27ca5ae744c788326f2cff8d18f129ca56","source_id":"us-ky","stale":false,"prev":"us-ky/krs-138.670","next":"us-ky/krs-138.680"},"notice":"GroundRules: Original legal text. Not legal advice."}