UNOFFICIAL COPY 22 RS BR 2183
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AN ACT relating to revenue. 1
Be it enacted by the General Assembly of the Commonwealth of Kentucky: 2
ď˘Section 1. KRS 131.170 is amended to read as follows: 3
The department[ of Revenue] may, when extension is not otherwise provided for, grant a 4
reasonable extension of time for filing reports or returns whenever, in its judgment, good 5
cause therefor exists. The department shall keep a record of all[such] extensions. Except 6
where a taxpayer is abroad, no extension shall be granted for more than six (6) months, 7
and in no case for more than one (1) year. If any extension operates to postpone a tax 8
payment, interest at the tax interest rate as defined in KRS 131.010(6) shall be collected. 9
The department may condition the extension upon a bond sufficient to cover any tax and 10
penalty determined to be due. The department may, on request, permit a person to file a 11
tax return or report or pay tax on a date other than that prescribed by statute, or to change 12
the fiscal period covered by such return or report, if the variation will not ultimately effect 13
a reduction in revenue. 14