Ky. Rev. Stat. § 140.224

Current through 2024 Ky. Acts ch.225

Section 140.224 - Bond to secure installment payment of inheritance tax

(1) Where a beneficiary elects to pay the inheritance tax on the installment basis as provided in this chapter, such beneficiary may be required to post sufficient security at any time the department reasonably believes collection of the tax may be in jeopardy.

(2) Failure of a beneficiary to pay any installment due or to post the required security shall cause all installments to become immediately due and payable.

KRS 140.224

Effective:6/20/2005
Amended 2005, Ky. Acts ch. 85, sec. 463, effective6/20/2005. -- Created 1978 Ky. Acts ch. 233, sec. 42, effective 6/17/1978.