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Kentucky Administrative Regulations (Last Updated: August 1, 2016) |
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TITLE 103. FINANCE AND ADMINISTRATION CABINET - DEPARTMENT OF REVENUE |
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Chapter 8. Ad Valorem Tax; State Assessment |
103 KAR 8:090. Classification of property; public service corporations
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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 Property
Classification by
Revenue Cabinet
Leasehold
Real Estate
Oil wells
Real Estate
Gas wells
Real Estate
Gathering lines
Personalty
Pipe lines (transmission)
Real Estate
Electric transmission lines
Personalty
Electric distribution lines
Personalty
Telephone lines
Personalty
Underground cables
Personalty
Electric substations and transformers
Manufacturing Machinery
Machinery & equipment used in
Manufacturing
manufacture of gas
Machinery
Conduits
Real Estate
Wire contained in underground conduits
Personalty
(FN-2; 1 Ky.R. 1008; eff. 6-11-75; Am. 8 Ky.R. 68; eff. 9-2-81.)
Notation
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.