{"data":{"id":"us-ky/krs-143a.070","jurisdiction":"us-ky","citation":"KRS 143A.070","heading":"Bond of taxpayer may be required.","body":"(1) Whenever it is deemed necessary to insure compliance with KRS 143A.050 to\n143A.130, the department may require any taxpayer to post a cash or corporate\nsurety bond.\n(2) The amount of the bond shall be fixed by the department but, except as provided in\nsubsection (3) of this section, shall not be greater than three (3) times the average\nquarterly liability of taxpayers filing returns for quarterly periods, five (5) times the\naverage monthly liability of taxpayers required to file returns for monthly periods,\nor two (2) times the average periodic liability of taxpayers permitted or required to\nfile returns for other than monthly or quarterly periods.\n(3) Notwithstanding the provisions of subsection (2) of this section, no bond required\nunder this section shall be less than five hundred dollars ($500).\n(4) The amount of the bond provided herein may be increased or decreased by the\ndepartment at any time subject to the limitations herein provided.\n(5) The Commonwealth may bring an action for a restraining order o r a temporary or\npermanent injunction to restrain or enjoin the operation of a taxpayer's business\nuntil the bond is posted and any delinquent tax, including applicable interest and\npenalties, has been paid. Such action may be brought in the Franklin Circu it Court\nor in the Circuit Court having jurisdiction of the taxpayer.","path":["KRS Chapter 143A"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=29261","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:37Z","sha256":"c8b4ac1a0159d9c8038da20aed90fccb66daa3306084d5e5ad0d800619d8273b","source_id":"us-ky","stale":false,"prev":"us-ky/krs-143a.060","next":"us-ky/krs-143a.080"},"notice":"GroundRules: Original legal text. Not legal advice."}