103 Ky. Admin. Regs. 8:110

Current through Register Vol. 51, No. 3, September 1, 2024

Section 103 KAR 8:110 - Apportioned vehicles

RELATES TO: KRS 132.487

NECESSITY, FUNCTION, AND CONFORMITY: KRS 131.130(1) authorizes the Department of Revenue to promulgate administrative regulations for the administration of all tax laws. KRS 136.188(2)(a) requires the Department of Revenue to promulgate an administrative regulation designating an authoritative source of depreciation values for the determination of the annual fee imposed on apportioned motor vehicles by KRS 136.188(1). This administrative regulation establishes the authoritative source of depreciation values for determining the annual fee on apportioned motor vehicles.

Section 1. The publication titled "Marshall Valuation Service" from Marshall & Swift/Boeckh, LLC, shall be the designated authoritative source of vehicle depreciation values for the determination of the annual fee imposed on apportioned motor vehicles by KRS 136.188(1).

103 KAR 8:110

33 Ky.R. 1005; 1283; eff. 12-1-2006; 46 Ky.R. 54, eff. 10-4-2019.

STATUTORY AUTHORITY: KRS 131.130, 132.487, 136.188(2)(a)