Ky. Rev. Stat. Ann. § 143.050 - Bond for Payment -- Court Action on Unpaid Bond.

143.050 - Bond for Payment -- Court Action on Unpaid Bond.
143.040 - Administration by Department of Revenue.143.060 - Filing of Return -- Review of Department -- Assessment on Understatement of Value.

143.050 Bond for payment -- Court action on unpaid bond.

  1. Any taxpayer charged with the filing of reports and payment of the tax imposed by this chapter may be required to post a cash or corporate surety bond in an amount to be determined by the department.
  2. The Commonwealth may bring an action for a restraining order, temporary or permanent injunction to restrain or enjoin the operation of a taxpayer's business until the bond is posted. Such action may be brought in the Franklin Circuit Court or in the Circuit Court having jurisdiction of the taxpayer.

Effective: June 20, 2005

History: Amended 2005 Ky. Acts ch. 85, sec. 541, effective June 20, 2005. -Created 1972 Ky. Acts ch. 62, Pt. II, sec. 5.

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