Kentucky Revised Statutes

Ky. Rev. Stat. § 132.215 (2026)

Repealed, effective January 1, 2006

✓ current as of May 2026

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Catchline at repeal: Right to receive income -- Basis of assessment -- Rate of tax. History: Repealed 2005 Ky. Acts ch. 168, sec. 158, effective January 1, 2006. -- Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 325, effective July 13, 1990. -- Amended 1972 Ky. Acts ch. 84, Pt. III, sec. 1. -- Amended 1960 Ky. Acts ch. 186, Art. 1, sec. 4, effective June 16, 1960. -- Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 4, sec. 6. -- Created 1946 Ky. Acts ch. 39, sec. 1.

Notes of Decisions

Cited in 3 cases, 1947–1972 · leading case: Kentucky Dep't of Revenue v. Bomar, 486 S.W.2d 532 (Ky. Ct. App. 1972).

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Kentucky Dep't of Revenue v. Bomar, 486 S.W.2d 532 (Ky. Ct. App. 1972). “020 or KRS 132.215. We decline to do so as the record indicates that this issue has not been presented to or considered by the trial court or the Kentucky Board of Tax Appeals.”

Newman v. Dickson, 203 S.W.2d 33 (Ky. Ct. App. 1947). “Chapter 39, Acts of 1946, KRS 132.215. Section 3 of the Act provides: “(3) No action nor proceeding shall be commenced or maintained to assess for taxation for any period prior to July 1, 1946, for ad valorem tax purposes, the present value of the right to receive future income…”

Luckett v. Fergerson, 302 S.W.2d 114 (Ky. Ct. App. 1957). · cites it 5× “020, or the special rate of 5 cents per $100 prescribed by KRS 132.215 on a “right to receive income.”

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