Current through Register Vol. 50, No. 6, December 1, 2023
RELATES TO:
KRS
131.130(1)
NECESSITY, FUNCTION, AND CONFORMITY:
KRS
131.130(1) authorizes the
department to promulgate administrative regulations to administer and enforce
Kentucky's tax laws. The Department of Revenue has many policies and circulars,
a number of which predate the enactment of KRS Chapter 13A, that conflict with
current tax laws. This administrative regulation rescinds general
administration policies and circulars.
Section
1. The following general administration policies and circulars of
the Department of Revenue are rescinded and shall be null, void, and
unenforceable:
(1) Revenue Circular 10C001 -
Tax Provisions of the Enterprise Zone Law. This circular is being rescinded
because it restates
KRS
154.45-010(7),
154.45-010(9),
and
306 KAR
1:010. Furthermore, this policy is obsolete because
Enterprise Zones are phasing out across the Commonwealth and are replaced with
the Kentucky Enterprise Initiative under the provisions of
KRS
154.20-200 to
154.20-216.
(2) Revenue Circular 10C030 - Kentucky Tax
Registration Application. This circular is being rescinded because it is
obsolete in part because it references the General Business License Fee imposed
by
KRS 154.12-219 that was
repealed effective July 1, 2004. The circular also restates statutory authority
concerning who is required to apply for tax registrations and
certificates.
(3) Revenue Policy
10P010 - Due Dates for Payment of Tax. This policy is being rescinded because
it restates
KRS
446.030(1).
(4) Revenue Policy 10P011 - Records Retention
Requirements. This policy is being rescinded because it is obsolete.
(5) Revenue Circular 40C003 - Taxation of
federal and certain nonfederal obligations and their income for Kentucky income
and intangible property tax purposes. This circular is being rescinded because
the guidance provided was incorporated in
103
KAR 1:130 - Taxation of federal and certain nonfederal
obligations and their income for Kentucky income and property tax
purposes.
33 Ky.R. 1189;
1789; eff. 2-2-2007; Crt eff. 6-7-2019.
STATUTORY AUTHORITY:
KRS
131.130(1)
