KRS 140.210 — Payment of taxes -- Discount -- Interest -- Bond for payment

(1) All taxes imposed by this chapter, unless otherwise provided in this chapter, shall
be due at the death of the decedent and shall be payable to the Department of
Revenue within eighteen (18) months thereafter. If they are paid within nine (9)
months, a discount of five percent (5%) shall be allowed, and if they are paid within
eighteen (18) months, no interest shall be charged and collected thereon. If the taxes
due are not paid within eighteen (18) months, interest at the tax interest rate as
defined in KR S 131.010(6) shall be paid from the expiration of the eighteen (18)
months until payment is actually made to the department.
(2) In all cases where the personal representatives or trustees do not pay the taxes
within eighteen (18) months from the death of the decedent, they shall be required
to give bond, in the form and to the effect prescribed by the department, for the
payment of the taxes and interest.