KRS 136.130 — Reports of all public service corporations -- Extensions

(1) Each corporation included in KRS 136.120(1) shall annually, between December
31, and April 30, following, make and deliver to the Department of Revenue a
report in such form as the department may prescribe, showing such of the following
facts as may be req uested by the department: The name and principal place of
business of the corporation; the kind of business engaged in; the amount of capital
stock, preferred and common, and the number of shares of each; the amount of
stock paid up; the par and fair cash value of the stock; the highest price at which the
stock was sold at a bona fide sale within twelve (12) months next before December
31 of the year for which the report is required to be made; the amount of surplus
funds and undivided profits; the total am ount of indebtedness as principal; the cost
and year acquired of all operating property owned, operated, or leased, including
property under construction, property held for future use, and the depreciation
attributable thereto as of December 31, the cost a nd year acquired of all
nonoperating tangible property and the depreciation attributable thereto; the cost
and market value as of December 31 of all intangible property; the value of all other
assets; the operating and nonoperating revenues, the net utilit y operating income
before and after depreciation and before and after income taxes, the net income
from operations, the net income including income from investments, and income
from all other sources for twelve (12) months next preceding December 31 of the
year for which the report is required; the amount and kind of operating property in
this state, and where situated in each county, city, and taxing district, assessed or
liable to assessment in this state, and the fair cash value thereof, the length and
description of all the lines operated, owned, or leased in this state and in each
county, city, and taxing district; and such other facts as the department may require.
(2) The report shall cover the period of twelve (12) months ending December 31. The
department may change the date of the reports to conform to any change in date
established by federal regulations.
(3) If any corporation is in the hands or under the control of a receiver or other person,
by order of a court, the receiver or other person shal l make the reports required by
this section and by KRS 136.140.
(4) All public service corporations included in KRS 136.120 shall file with the report
required by subsection (1) of this section a copy of all reports to their stockholders
and a complete copy of their report to the Kentucky regulating authority for the year
ending December 31.
(5) The Department of Revenue may grant an extension of thirty (30) days to file the
public service property tax return when, in its judgment, good cause exists. The
department shall keep a record of every extension and the taxpayer shall attach a
copy of the approved extension to his return when filed.
(6) A taxpayer may be granted a thirty (30) day extension for filing the public service
company property tax return if it requests the extension before the due date of the
return and includes with the extension request a report of any increases or decreases
in property of fifty thousand dollars ($50,000) or more in any taxing district.