RELATES TO:
KRS 136.130
STATUTORY AUTHORITY:
KRS Chapter 13A
NECESSITY, FUNCTION, AND CONFORMITY:
This administrative regulation classifies certain property as real estate, personalty and manufacturing machinery. The property involved has been the subject of some confusion in the past. This information is helpful to public service companies in classifying new property.
- Section 1. The Revenue Cabinet prescribes the following classification of property to be used by public service corporations in reporting under KRS 136.120 et seq. This list is not intended to be complete and comprehends only those items of property whose proper classification has been subject to some confusion in the past. Class of PropertyClassification byRevenue CabinetLeaseholdReal EstateOil wellsReal EstateGas wellsReal EstateGathering linesPersonaltyPipe lines (transmission)Real EstateElectric transmission linesPersonaltyElectric distribution linesPersonaltyTelephone linesPersonaltyUnderground cablesPersonaltyElectric substations and transformersManufacturing MachineryMachinery & equipment used inManufacturingmanufacture of gasMachineryConduitsReal EstateWire contained in underground conduitsPersonalty
History
(FN-2; 1 Ky.R. 1008; eff. 6-11-75; Am. 8 Ky.R. 68; eff. 9-2-81; Certified to be amended; filing deadline 7-28-2021.)