KRS 143A.070 — Bond of taxpayer may be required

(1) Whenever it is deemed necessary to insure compliance with KRS 143A.050 to
143A.130, the department may require any taxpayer to post a cash or corporate
surety bond.
(2) The amount of the bond shall be fixed by the department but, except as provided in
subsection (3) of this section, shall not be greater than three (3) times the average
quarterly liability of taxpayers filing returns for quarterly periods, five (5) times the
average monthly liability of taxpayers required to file returns for monthly periods,
or two (2) times the average periodic liability of taxpayers permitted or required to
file returns for other than monthly or quarterly periods.
(3) Notwithstanding the provisions of subsection (2) of this section, no bond required
under this section shall be less than five hundred dollars ($500).
(4) The amount of the bond provided herein may be increased or decreased by the
department at any time subject to the limitations herein provided.
(5) The Commonwealth may bring an action for a restraining order o r a temporary or
permanent injunction to restrain or enjoin the operation of a taxpayer's business
until the bond is posted and any delinquent tax, including applicable interest and
penalties, has been paid. Such action may be brought in the Franklin Circu it Court
or in the Circuit Court having jurisdiction of the taxpayer.