{"data":{"id":"us-ky/krs-67.755","jurisdiction":"us-ky","citation":"KRS 67.755","heading":"Quarterly estimated tax payments.","body":"(1) Every business entity, other than a sole proprietorship, subject to a net profits, gross\nreceipts, or occupational license tax levied by a tax district shall make quarterly\nestimated tax payments on or before the fifteenth day of the fourth, sixth, ninth, and\ntwelfth month of each taxable year if the tax liability for the taxable year exceeds\nfive thousand dollars ($5,000).\n(2) The quarterly estimated tax payments required under subsection (1) of this section\nshall be based on the lesser of:\n(a) Twenty-two and one -half percent (22.5%) of the current taxable year tax\nliability;\n(b) Twenty-five percent (25%) of the preceding full year taxable year tax liability;\nor\n(c) Twenty-five percent (25%) of the average tax liability for the three (3)\npreceding full year taxable years' tax liabilities if the tax liability for any of the\nthree (3) preceding full taxable years exceeded twenty thousand dollars\n($20,000).\n(3) Any business entity that fails to submit the minimum quarterly payment required\nunder subsection (2) of this section by the due date for the quarterly payment shall\npay an amount equal to twelve percent (12%) per annum simple interest on the\namount of the quarterly payment required under subsection (2) of this section from\nthe earlier of:\n(a) The due date  for the quarterly payment until the time when the aggregate\nquarterly payments submitted for the taxable year equal the minimum\naggregate payments due under subsection (2) of this section; or\n(b) The due date of the annual return.\nA fraction of a month is counted as an entire month.\n(4) The provisions of this section shall not apply to any business entity's first full or\npartial taxable year of doing business in the tax district or any first taxable year in\nwhich a business entity's tax liability exceeds five thousand dollars ($5,000).\n(5) The provisions of this section shall not apply unless adopted by the tax district.","path":["KRS Chapter 67"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=23783","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:26Z","sha256":"02cab9baf7e845e81ff2e5cbca42dd3a190874d6db7f4f502b123be9e3866d57","source_id":"us-ky","stale":false,"prev":"us-ky/krs-67.753","next":"us-ky/krs-67.758"},"notice":"GroundRules: Original legal text. Not legal advice."}