{"data":{"id":"us-ky/krs-141.150","jurisdiction":"us-ky","citation":"KRS 141.150","heading":"Reports of income payments to others.","body":"(1) Every corporation subject to the jurisdiction of this state, unless excused by the\ndepartment, shall render a correct report of its payments of dividends to residents of\nthis state, stating the name and address of each shareholder, the number of shares\nowned by him, and the amount of dividends paid to him.\n(2) Every person subject to the jurisdiction of this state, in whatever capacity acting,\nincluding lessees or mortgagors of real or personal property, fiduciaries and\nemployers, making payment to another person, domiciled in this state, of interest,\nrent, premiums, annuities, compensations, remunerations, emoluments or other\nfixed or determinable gains, profits and income not subject to withholding\nprovisions contained in KRS 141.310 of six hundred dollars  ($600) or more in any\ntaxable year, shall render a true and accurate report to the department of the\npayments made. Every person subject to the jurisdiction of this state, in whatever\ncapacity acting, making payment of wages to another person domiciled in  this state,\nshall render a true and accurate report to the department of the payments made. In\nthe case of such payments made by the state and its political subdivisions, the\nofficers or employees having information as to such payments designated by the\ndepartment by the regulations hereinafter provided for shall make such reports. The\nreports shall be made under the regulations and in the form and manner and to the\nextent prescribed by the department, and shall set forth the amount of the gains,\nwages, pr ofits and income, and the name and address of the recipient of the\npayments. The department may also require any person to make information reports\nrespecting nonresidents it believes to be subject to income tax.\n(3) The reports contemplated by this section may be required, regardless of amounts, in\nthe case of payments of dividends or interest upon bonds, mortgages, deeds of trust\nor other similar obligations of corporations. When necessary to make effective the\nprovisions of this section, the name and add ress of the recipient of the income shall\nbe furnished upon demand of the person paying the income. The provisions of this\nsection shall not apply to the payment of interest on obligations of the United States\nor of this state, or the political subdivisions thereof.","path":["KRS Chapter 141"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=29083","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:34Z","sha256":"cd2a487ad089bbb67e701c6782781e5f373259767493f30bda8320037662cdec","source_id":"us-ky","stale":false,"prev":"us-ky/krs-141.140","next":"us-ky/krs-141.160"},"notice":"GroundRules: Original legal text. Not legal advice."}