KRS 140.350 — Issuance of tax waivers -- Liens -- Procedure

At such time as the Department of Revenue accepts the agricultural or horticultural
value on qualified real estate comprising a portion of a decedent's estate and issues tax
waivers thereon, it shall cause to be filed in the office of the county clerk of t he county
where the real estate or the greater portion thereof is located, on a form prescribed by the
Department of Revenue, a lien which on its face shall expire in five (5) years and the lien
shall secure the payment of any additional tax which may beco me due as the result of the
qualified real estate being sold to others than qualified persons or the qualified real estate
being converted to other than a qualified use.
If additional taxes are due as the result of the real estate being transferred to oth er
than a qualified person or its use is converted to other than agricultural or horticultural
use, and the additional tax is not paid after assessment of the tax, within the time
prescribed by the regulations of the Department of Revenue, then the Departm ent of
Revenue may proceed to enforce the lien in accordance with law.