KRS 138.675 — Cancellation of license -- Precipitation of taxes -- Cancellation of bond

(1) If a licensee at any time files a false quarterly report of the information required or
fails or refuses to file the quarterly report or to pay the full amount of the tax or
violates any other provisions of KRS 138.655 to 138.725, inclusive, without a
showing that such failure was due to reasonable cause, the cabinet may cancel his
or her license.
(2) Upon voluntary surrender of the license certificate or upon r eceipt of a written
request by a licensee, the cabinet may cancel his or her license, effective sixty (60)
days from the date of the request, but no such license shall be canceled upon
surrender or request unless the licensee has, prior to the date of canc ellation, paid to
this state all taxes, penalties, interest and fines that are due or have accrued, and
unless the licensee has surrendered to the cabinet his or her license certificate.
(3) Whenever a licensee ceases to engage in business within this stat e, he or she shall
notify the cabinet in writing within fifteen (15) days after discontinuance. All taxes
that have accrued under KRS 138.655 to 138.725, inclusive, whether or not then
due, shall become due and payable concurrently with such discontinuance . The
licensee shall make a report and pay all such taxes and any interest and penalties
thereon, and shall surrender to the cabinet his or her license certificate.
(4) If the license of a motor carrier or heavy equipment motor carrier is canceled by the
cabinet as provided in this section and if the licensee has paid to this state all of the
taxes, interest and penalties due under KRS 138.655 to 138.725 and 138.990(13)
and (14), the cabinet shall cancel the bond filed by the licensee.