The property of all corporations, except where otherwise provided by law, shall be assessed in the name of the corporation in the same manner as that of a natural person, except that, when legally called on, the chief officer shall report a full statement of the property of the corporation for taxation, and, for a failure, shall be subject to the penalties provided by law for a similar failure by a natural person in listing his property.
KRS 136.020
Assessment of property of corporations
Applied in 2 court decisions — leading case Monumental Life Insurance Co. v. Department of Revenue (2008)
Most recently applied in Monumental Life Insurance Co. v. Department of Revenue (June 2008)
Effective: July 14, 1992 History: Amended 1992 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.