LegalFix

131.410 Circumstances for waiver of criminal prosecution and civil penalties -- Exceptions -- Refunds and credits.

KY Rev Stat § 131.410 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

131.410 Circumstances for waiver of criminal prosecution and civil penalties -- Exceptions -- Refunds and credits. (1) For any taxpayer who meets the requirements of KRS 131.420: (a) 1. 2. For taxes which are owed as a result of the nonreporting or underreporting of tax liabilities or the nonpayment of any account receivable owed by an eligible taxpayer, the Commonwealth shall waive criminal prosecution and all civil penalties and fees which may be assessed under any KRS chapter subject the administrative jurisdiction of the department for the taxable years or periods for which tax amnesty is requested. to the amnesty periods described For the Commonwealth shall waive interest as provided in subsection (1) of KRS 131.425. in KRS 131.400(4), (b) Except when the taxpayer and department enter into an installment payment agreement authorized under subsection (3) of KRS 131.420, failure to pay all taxes as shown on the taxpayer's amnesty tax return shall invalidate any amnesty granted pursuant to KRS 131.410 to 131.445. (2) This section shall not apply to any taxpayer who is on notice, written or otherwise, of a criminal investigation being conducted by an agency of the state or any political subdivision thereof or the United States, nor shall this section apply to any taxpayer who is the subject of any criminal litigation which is pending on the date of the taxpayer's application in any court of this state or the United States for nonpayment, delinquency, evasion or fraud in relation to any federal taxes or to any of the taxes to which this amnesty program is applicable. (3) No refund or credit shall be granted for any interest, fee, or penalty paid prior to the time the taxpayer requests amnesty pursuant to KRS 131.420. (4) Unless the department in its own discretion redetermines the amount of taxes due, no refund or credit shall be granted for any taxes paid under the amnesty program. Any administrative or judicial proceeding or claim seeking the refund or recovery of any amount paid under an amnesty program is hereby barred. Effective: April 11, 2012 History: Amended 2012 Ky. Acts ch. 110, sec. 2, effective April 11, 2012. -- Amended 2005 Ky. Acts ch. 85, sec. 136, effective June 20, 2005. -- Amended 2002 Ky. Acts ch. 366, sec. 2, effective July 15, 2002. -- Created 1988 Ky. Acts ch. 322, sec. 2, effective July 15, 1988.

LegalFix

Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.

LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.

The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.

You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.

The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.

Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.

We have updated our Terms of Service, Privacy Policy, and Disclosures. By continuing to browse this site, you agree to our Terms of Service, Privacy Policy, and Disclosures.
131.410 Circumstances for waiver of criminal prosecution and civil penalties -- Exceptions -- Refunds and credits.