141.207 Payment of estimated tax required by KRS 141.206. (1) The payment of estimated tax required by KRS 141.206 shall contain the following information: (a) For a nonresident individual partner, member, or shareholder, the amount of estimated tax calculated under KRS 141.020 and 141.305 for the taxable year; and (b) For a corporate partner or member that is doing business in Kentucky only through its ownership interest in a pass-through entity, the amount of estimated tax calculated under KRS 141.040 and 141.044 for the taxable year. (2) The payment of estimated tax shall be made in installments by the pass-through entity in the same manner and at the same times as provided by: (a) KRS 141.305, for a nonresident individual partner, member, or shareholder; and (b) KRS 141.044, for a corporate partner or member. (3) A pass-through entity required to make a payment of estimated tax shall be subject to the penalty provisions for any underpayment of estimated tax. Effective: June 27, 2019 History: Amended 2019 Ky. Acts ch. 151, sec. 50, effective June 27, 2019. -- Amended 2018 Ky. Acts ch. 171, sec. 82, effective April 14, 2018; and ch. 207, sec. 82, effective April 27, 2018. -- Created 2010 (1st Extra. Sess.) Ky. Acts ch. 2, sec. 5, effective June 4, 2010.
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