(1) The department shall collect the CMRS prepaid service charge and remit the revenues to the CMRS fund as provided in KRS 142.100 to 142.135. (2) A retailer shall collect the CMRS prepaid service charge from consumers pursuant to KRS 65.7634, and shall remit the amounts collected to the department on a monthly basis, on or before the twentieth day of the next calendar month. (3) The CMRS prepaid service charge collected by the retailer from any consumer shall: (a) Be deemed to be held in trust by the retailer for and on account of the Commonwealth; and (b) Constitute a debt of the retailer to the Commonwealth.
‹ Prev All Kentucky sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.