{"data":{"id":"us-ky/krs-91.270","jurisdiction":"us-ky","citation":"KRS 91.270","heading":"Taxes based on income, licenses and franchises -- Payment and collection --","body":"Disposition of revenue -- Penalty -- Lien.\n(1) The treasurer and secretary of the sinking fund shall collect all taxes on personal\nproperty based on income, licenses and franch ises in lieu of an ad valorem tax, and\nshall pay them monthly to the director of finance, who shall give a receipt therefor.\nThe treasurer and secretary shall furnish monthly to the director of finance a\nstatement showing what persons have, during the prev ious month, paid such taxes,\nthe amount paid by each, and the total amount paid by him to the director of\nfinance.\n(2) The revenue derived from taxes based on income, licenses and franchises in lieu of\nan ad valorem tax shall be paid at such time in the fi scal year, and apportioned and\ndistributed, as may be fixed by ordinance, for the same purposes as the revenue\nderived from the ad valorem tax. In default of the payment of such taxes at the time\nfixed by ordinance, a penalty of five percent (5%) shall be added thereto and interest\non the amount of such taxes shall be computed and paid by the delinquent from that\ndate at the rate of six percent (6%) per annum until paid.\n(3) A lien superior to all other liens, except the lien for state taxes, whether such l iens\nwere acquired before or after the maturity of the taxes referred to in this section,\nshall exist in favor of the city from the date the taxes are due, for the amount of the\ntaxes, interest and penalties, upon all the real and personal property of the\ndelinquent taxpayer. The city may enforce the lien by action in the name of the city\nin the Circuit Court, and in that action may also obtain a personal judgment against\nthe delinquent taxpayer for the tax, penalties, interest, and costs of suit.","path":["KRS Chapter 91"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=25480","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:48Z","sha256":"ef6a548ff084880f299b9e0bcbdfb758a0e316993fae85c481bc7e374062c769","source_id":"us-ky","stale":false,"prev":"us-ky/krs-91.265","next":"us-ky/krs-91.280"},"notice":"GroundRules: Original legal text. Not legal advice."}