Ky. Rev. Stat. § 139.471

Current through Acts Received April 8, 2024

Section 139.471 - Transactions excluded from additional tax

Excluded from the additional taxes imposed by KRS 139.200 and 139.310 are gross receipts:

(1) Derived from sales of and the storage, use, or other consumption of tangible personal property purchased for use in the performance of a lump-sum, fixed-fee contract executed on or before March 9, 1990;

(2) Derived from sales made under fixed price sales contracts executed on or before March 9, 1990, provided the contract specifies a five percent (5%) sales tax rate; and

(3) Derived from a lease or rental agreement entered into on or before March 9, 1990.

KRS 139.471

Effective:7/1/2007
Amended 2007, Ky. Acts ch. 141, sec. 20, effective7/1/2007. -- Created 1990 Ky. Acts ch. 476, Pt. VII A, sec. 623, effective 7/1/1990.