KRS 138.270 — Computation of gasoline and special fuels tax and supplemental highway user motor fuel tax -- Monthly reports, when due

(1) (a) From the total number of gallons of gasoline and special fuel received by the
dealer within this state during the next preceding calendar month, deductions
shall be made for the total number of gallons received by the dealer within this
state that were sold or otherwise disposed of during the next preceding
calendar month as set forth in KRS 138.240(2).
(b) To cover evaporation, shrinkage, unaccountable losses, collection costs, bad
debts, and handling and reporting the tax, each dealer shall be allowed
compensation equal to two and one -fourth percent (2.25%) of the net tax due
the Commonwealth pursuant to KRS 138.210 to 138.448 before all allowable
tax credits, except the credit authorized pursuant to KRS 138.358. No
compensation shall be allowed if the completed tax return and payment are
not submitted to the department within the time prescribed by KRS 138.210 to
138.448.
(2) The tax imposed by KRS 138.220(1) and (2) shall be computed on the number of
gallons remaining after the deductions set forth in subsection (1) of this section
have been made, and shall constitute the amount of tax payable for the next
preceding calendar month.
(3) Notwithstanding any other provision of this chapter to the contrary, any person who
shall remit to the department, by the twenty -fifth day of the next month, an
estimated tax due amount equal to not less than ninety -five percent (95%) of his tax
liability, as finally determined for the report month, shall not be required to file the
monthly reports required by this chapter until the last day of the month following
the report month, and shall be permitted to claim as a credit against the tax liability
shown due on the report the estimated tax due amount so paid.