Recordkeeping procedures and retention
Applied in 1 court decision — leading case Commonwealth Finance & Administration Cabinet Department of Revenue v. Lexington-Fayette Urban County Government (2010)
Most recently applied in Commonwealth Finance & Administration Cabinet Department of Revenue v. Lexington-Fayette Urban County Government (October 2010)
Effective: June 20, 2005 History: Amended 2005 Ky
(1) Every financial institution shall keep records, receipts, invoices, and other pertinent papers in the form as the department may require.
(2) Every financial institution that files the returns required under KRS 136.545 shall keep records for not less than six (6) years from the making of records unless the department in writing authorizes their destruction at an earlier date.
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.