KRS 138.464 — Weekly report to department -- Daily deposit in state depository

(1) The county clerk shall report each Monday to the department all moneys collected
during the previous week, together with a duplicate of all receipts issued by him
during the same period.
(2) (a) For collections prior to August 1, 2010, the clerk shall depo sit motor vehicle
usage tax and sales and use tax collections not later than the next business day
following receipt in a Commonwealth of Kentucky, department account in a
bank designated as a depository for state funds. The clerk may be required to
then cause the funds to be transferred from the local depository bank to the
State Treasury in whatever manner and at times prescribed by the
commissioner of the department or his designee.
(b) For collections on or after August 1, 2010, the provisions of KRS 13 1.155
shall apply.
(3) Failure to forward duplicates of all receipts issued during the reporting period or
failure to file the weekly report of moneys collected within seven (7) working days
after the report is due shall subject the clerk to a penalty of two and one-half percent
(2.5%) of the amount of moneys collected during the reporting period for each
month or fraction thereof until the documents are filed.
(4) Failure to deposit or, if required, transfer collections as required above shall subject
the clerk to a penalty of two and one -half percent (2.5%) of the amount not
deposited or, if required, not transferred for each day until the collections are
deposited or transferred as required above. The penalty for failure to deposit or
transfer money collected shall not be less than fifty dollars ($50) nor more than five
hundred dollars ($500) per day.
(5) The penalties provided in this section shall not apply if the failure of the clerk is due
to reasonable cause.
(6) The department may in its discretion g rant a county clerk a reasonable extension of
time to file his report or make any transfer of deposits as required above. The
extension, however, must be requested prior to the end of the seven (7) day period
and shall begin to run at the end of said period.
(7) All penalties collected under this provision shall be paid into the State Treasury as a
part of the revenue collected under KRS 138.450 to 138.729 and 139.778.