Ky. Rev. Stat. » Chapter 136
Kentucky Revised Statutes

Ky. Rev. Stat. § 136.115 (2026)

Definitions for KRS 136.120 to 136.180

✓ current as of May 2026
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(1) "Corporation" as used in KRS 136.120 through 136.180 means any corporation, company, association, partnership, or person performing any public service.

(2) "Operating property" as used in KRS 136.120 through 136.180 means both the operating tangible property and the franchise, and the payment of taxes on the assessment of operating property shall be deemed the payment of taxes on the operating tangible property and the franchise. Effective: March 25, 1960 History: Created 1960 Ky. Acts ch. 186, Art. II, sec. 1, effective March 25, 1960.

Notes of Decisions
Cited in 4 cases, 1997–2012 · leading case: Cooksey Bros. Disposal Co. v. Boyd Cnty., 973 S.W.2d 64 (Ky. Ct. App. 1997).
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Cooksey Bros. Disposal Co. v. Boyd Cnty., 973 S.W.2d 64 (Ky. Ct. App. 1997). · cites it 4× “KRS 136.115(2). The Revenue Cabinet assesses the property of companies subject to this tax and certifies the values to local taxing authorities.”
Revenue Cabinet v. Comcast Cablevision of the South, 147 S.W.3d 743 (Ky. Ct. App. 2003). “” Operating property is defined in KRS 136.115(2) as “both the operating tangible property and the franchise, and the payment of taxes on the assessment of operating property shall be deemed the payment of taxes on the operating tangible property and the franchise.”
Dayton Power & Light Co. v. Dep't of Revenue, Fin. & Admin. Cabinet, 405 S.W.3d 527 (Ky. Ct. App. 2012). · cites it 3× “In my view, KRS 136.115 to 136.180 are inherently ambiguous.”
City of Lebanon Junction v. Cellco P'ship, 80 S.W.3d 761 (Ky. Ct. App. 2001). “KRS 136.115(2). . City of Louisville v. Sebree, 308 Ky.”
Ky. Rev. Stat. § 136.115(2): 4 cases
Cooksey Bros. Disposal Co. v. Boyd Cnty., 973 S.W.2d 64 (Ky. Ct. App. 1997). “KRS 136.115(2). The Revenue Cabinet assesses the property of companies subject to this tax and certifies the values to local taxing authorities.”
Revenue Cabinet v. Comcast Cablevision of the South, 147 S.W.3d 743 (Ky. Ct. App. 2003). “” Operating property is defined in KRS 136.115(2) as “both the operating tangible property and the franchise, and the payment of taxes on the assessment of operating property shall be deemed the payment of taxes on the operating tangible property and the franchise.”
Dayton Power & Light Co. v. Dep't of Revenue, Fin. & Admin. Cabinet, 405 S.W.3d 527 (Ky. Ct. App. 2012). “In my view, KRS 136.115 to 136.180 are inherently ambiguous.”
City of Lebanon Junction v. Cellco P'ship, 80 S.W.3d 761 (Ky. Ct. App. 2001). “KRS 136.115(2). . City of Louisville v. Sebree, 308 Ky.”
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