Public Service Companies and Central Assessed Companies are assessed on an annual basis by the Department of Revenue.
Public Service Companies include;
- passenger and freight air carriers
- electric distributors
- power generators
- gas distributors
- gas utilities
- gas pipelines
- gas transmission
- LNG transmission
- crude oil and refined products transmission
- privately owned water and sewer companies
- interstate and intrastate railroads
- railroad car lines
- commercial solar electric generators
- commercial wind and hydro electric generators
- rural electric coops
Centrally Assessed Companies include;
- commercial watercraft (boats and barges)
- distilled spirits in bonded warehouses
- electric plant boards
- property owned by the Tennessee Valley Authority
- financial institutions (banks) deposit tax
- domestic or foreign savings and loan institutions
- domestic life insurance
- privately owned contained solid waste landfills (beginning in 2017)
- communication service providers & multichannel video programming service providers
Statutory Guidelines
- Public Service Companies - KRS 136.115 through KRS 136.180
- Commercial Watercraft - KRS 136.1801 through KRS 136.1806
- Communication Service Providers and Multichannel Video Programming Service Providers - KRS 136.602, KRS 136.600 through KRS 136.660
- Electric Plant Boards - KRS 96.820, KRS 96.570(11), and KRS 96.179
- Tennessee Valley Authority - KRS 96.550 through KRS 96.900
- Distilled Spirits in Bonded Warehouses - KRS 132.130 through KRS 132.180
- Franchise Tax of Local Bank Deposits - KRS 136.575 and KRS 136.555
- Bank Deposits - KRS 132.030 and KRS 132.040
- Domestic Savings and Loan - KRS 136.290 and KRS 136.300
- Foreign Savings and Loan - KRS 136.310 and KRS 136.300
- Domestic Life Insurance - KRS 136.320
- Privately owned solid waste landfills - KRS 132.202 and 103 KAR 8:160
Filing Deadlines
January 31st of each year
February 1st of each year
March 1st of each year
April 1st of each year
April 30th of each year
May 15th of each year
August 15th of each year
Filing Extensions
30 day extensions are granted for filing of the Public Service Company Property Tax Return (Revenue Form 61A200), if Schedule E is completed and filed on or before April 30th. Once your request is received, we’ll notify you by mail with our decision to either grant or deny the request.
Extensions are not granted for;
- Distilled spirits in bonded warehouses returns
- Commercial watercraft return
- Telecommunication return
- Savings and Loan, Bank Deposits, Domestic Life Insurance, Franchise Tax Local Deposits returns
- Privately owned contained solid waste landfills
Kentucky Department of Revenue
Public Service Branch
Office of Property Valuation
Division of State Valuation
Public Service Branch
4th Floor, Station 32
501 High Street
Frankfort, KY 40601-2103 Phone: (502) 564-8175Fax: (502) 564-8192