{"data":{"id":"us-ky/krs-304.99-085","jurisdiction":"us-ky","citation":"KRS 304.99-085","heading":"Penalties for violation of KRS 304.10 -050, 304.10 -170, and 304.10 -","body":"180(1).\n(1) A broker that fails to file an affidavit as provided by KRS 304.10-050 shall be liable\nfor a penalty fee of one hundred dollars ($100).\n(2) A broker that exhibits a pattern of failing to file affidavits as provided by KRS\n304.10-050 shall be subject to a penalty fee not less than one thousand dollars\n($1,000) or more than five thousand ($5,000), revocation of license, or both, unless\nit is shown to the satisfaction of the commissioner that the failure is due to\nreasonable cause.\n(3) A broker that fails to file a quarterly statement as provided by KRS 304.10 -170\nshall be liable for a penalty of five hundred dollars ($500).\n(4) If any broker fails to remit the tax prov ided by KRS 304.10 -180(1), unless it is\nshown to the satisfaction of the commissioner that the failure is due to reasonable\ncause, five percent (5%) of the tax found to be due by the commissioner shall be\nadded to the tax for each thirty (30) days or fract ion thereof elapsing between the\ndue date of the return and the date on which it was filed, but the total penalty shall\nnot exceed twenty-five percent (25%) of the tax; provided, however, that in no case\nshall a penalty be less than five hundred dollars ($500).","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=48241","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:00Z","sha256":"64a8c5b806921ae08e5f7527ff39f5af8f662bf9b64e1182a16394142d3cb0bb","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.99-082","next":"us-ky/krs-304.99-090"},"notice":"GroundRules: Original legal text. Not legal advice."}