KRS § 131.990 — KY Code / Title XI / Chapter 131 / Section 131.990
131.990 Penalties
Status: in_force

131.990 Penalties.

(1) (a) 1. Any person who violates the intentional unauthorized inspection

provisions of KRS 131.190(1) shall be fined not more than five hundred

dollars ($500) or imprisoned for not more than six (6) months, or both.

2. Any person who violates the provisions of KRS 131.190(1) by divulging

confidential taxpayer information shall be fined not more than one

thousand dollars ($1,000) or imprisoned for not more than one (1) year,

or both.

3. Any person who violates the intentional unauthorized inspection

provisions of KRS 131.190(4) shall be fined not more than one thousand

dollars ($1,000) or imprisoned for not more than one (1) year, or both.

4. Any person who violates the provisions of KRS 131.190(4) by divulging

confidential taxpayer information shall be fined not more than five

thousand dollars ($5,000) or imprisoned for not more than five (5) years,

or both.

5. Any present secretary or employee of the Finance and Administration

Cabinet, commissioner or employee of the department, member of a

county board of assessment appeals, property valuation administrator or

employee, or any other person, who violates the provisions of KRS

131.190(1) or (4) may, in addition to the penalties imposed under this

subsection, be disqualified and removed from office or employment.

(b) This subsection does not apply to any person who divulges or otherwise

discloses documents, data, or other information prohibited from divulgence or

disclosure pursuant to an order by a court of competent jurisdiction.

(2) Any person who willfully fails to comply with the rules and regulations

promulgated by the department for the administration of delinquent tax collections

shall be fined not less than twenty dollars ($20) nor more than one thousand dollars

($1,000).

(3) Any person who fails to do any act required or does any act forbidden by KRS

131.210 shall be fined not less than ten dollars ($10) nor more than five hundred

dollars ($500).

(4) Any person who fails to comply with the provisions of KRS 131.155 shall, unless it

is shown to the satisfaction of the department that the failure is due to reasonable

cause, pay a penalty of one-half of one percent (0.5%) of the amount that should

have been remitted under the provisions of KRS 131.155 for each failure to comply.

(5) (a) Any person or financial institution that fails to comply with the provisions of

KRS 131.672 and 131.674 within ninety (90) days after notification by the

department shall, unless the failure is due to reasonable cause as defined in

KRS 131.010, be fined not less than one thousand dollars ($1,000) and no

more than five thousand dollars ($5,000) for each full month of

noncompliance. The fine shall begin on the first day of the month beginning

after the expiration of the ninety (90) days.

(b) Any financial institution that fails or refuses to comply with the provisions of

KRS 131.672 and 131.674 within one hundred twenty (120) days after the

notification by the department shall, unless the failure is due to reasonable

cause as defined in KRS 131.010, forfeit its right to do business within the

Commonwealth, unless and until the financial institution is in compliance.

Upon notification by the department, the commissioner of the Department of

Financial Institutions shall, as applicable, revoke the authority of the financial

institution or its agents to do business in the Commonwealth.

(6) Any taxpayer or tax return preparer who fails or refuses to comply with the

provisions of KRS 131.250 or an administrative regulation promulgated under KRS

131.250 shall, unless it is shown to the satisfaction of the department that the failure

is due to reasonable cause, pay a return processing fee of ten dollars ($10) for each

return not filed as required.