Ky. Rev. Stat. § 154A.430

Current through Acts Received April 24, 2024
Section 154A.430 - Computation of retailer's rental payments

If a lottery retailer's rental payments for the business premises are contractually computed, in whole or in part, on the basis of a percentage of retail sales, and such computation of retail sales is not explicitly defined to include sales of tickets in a state-operated lottery, the compensation received by the lottery retailer from the lottery shall be considered the amount of the retail sale for purposes of computing the rental payment.

KRS 154A.430

Effective:12/15/1988
Created 1988 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 14, effective12/15/1988.