Kentucky compliance at a glance
- Sales tax: 6.00% state rate. Recently expanded to many services (2023 reforms). Uniform 6%, no local.
- Late fees: Up to 1.5% per month. (Ky. Rev. Stat. 搂360.010) Legal rate 8%/yr; contract rates up to 19%/yr or 4% over Fed discount.
- Prompt-pay law: Kentucky Fairness in Construction Act (KRS 搂371.400 et seq.). Subs paid within 15 business days of GC receiving payment; 12% per year interest if late.