The Funding Commission has the authority to adopt Administrative Regulations that provide additional guidance for compliance with the provisions of KRS Chapter 342 related to the collection and administration of assessment rates. Regulations issued by the Funding Commission are found in 803 KAR Chapter 30. Currently, there are two sections in this Chapter, but revisions may be necessary to implement the E-File/E-Payment improvements.
- 803 KAR 30:010 Provides definitions for key terms related to administration of the assessment process; describes how assessments are imposed and the purposes for allowable expenditures; discusses penalties, interest, and refunds; outlines procedures and requirements for audits, protests and resolutions; describes reporting requirements and how to obtain required forms
- 803 KAR 30.020 Explains payment of audit expenses by taxpayers