FOR IMMEDIATE RELEASE
Contact: Pamela Trautner
502-564-4240
Pamela.Trautner@ky.gov
Frankfort, KY (May 23, 2019) - Under the authority of KRS 131.175, the Department of Revenue will waive any penalty from the imposition of the 110% estimated tax safe harbor for individual and fiduciary taxpayers as a result of the passage of HB 354 in the 2019 Regular Session of the General Assembly of the Commonwealth of Kentucky. These taxpayers must still comply with the prior 100% safe harbor rule for 2019 per 103 KAR 17:120 (effective November 6, 2018). Form 2210-K and its instructions will be updated by year-end to reflect the transitional relief granted for 2019.
For additional information visit www.taxanswers.ky.gov.
Please submit specific questions by email to todd.renner@ky.gov or call 502-782-6081.