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Filing requirements for tangible personal property changing By Pamela Trautner Frankfort, KY - Effective January 1, 2020, a new state law [KRS 132.220 (1)(b)(2)(b)] changes the filing requirements for tangible personal property tax returns. Each individual, partnership, or corporation that has taxable personal property must file return Form 62A500 between January 1 and May 15 with their local Property Valuation Administrator (PVA). If the total sum fair cash value of the tangible personal property is $1,000 or less per property location, then Form 62A500 is not required. Please note that records must be kept. Information and forms about the Kentucky tangible personal property tax can be found at https://revenue.ky.gov/Property/Business-Personal-Property/Pages/default.aspx. This story was posted on 2020-01-11 09:22:34
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