KRS 142.402 — Transient room tax due monthly -- Returns -- Extension for filing -- Assessments -- Refund or credit -- Interest and penalties due

(1) On or before the twentieth day of every month, a taxpayer subject to the tax
provided in KRS 142.400 shall submit a return and the tax due for the preceding
month to the Department of Revenue, in a form prescribed by the department. To
facilitate administration, the department may permit or require returns or tax
payments for other periods. Upon written request received on or before the due date,
the department may extend the filing or tax payment due date up to thirty (30) days.
(2) The Department of Revenue shall examine and audit each return as soon as
practicable after it is received. If the tax computed by the depa rtment is greater than
the tax paid by the taxpayer, the department shall assess the excess within four (4)
years from the filing deadline, including any extensions granted. If the taxpayer
failed to file a return or filed a fraudulent return, then the exc ess may be assessed at
any time.
(3) A taxpayer may request a refund or credit for any overpayment of tax under KRS
142.400 within four (4) years after the tax due date, including any extensions
granted. The request shall be made to the Department of Reven ue in writing and
shall state the amount requested, the applicable period, the basis for the request, and
any other information the department reasonably requires.
(4) Any tax not paid on or before its due date shall bear interest at the tax interest rate
provided in KRS 131.183 from the date due until the date of payment. If an
extension is granted, and the tax is not paid within the extension period, then
interest shall accrue from the original due date.