There shall be exempt from ad valorem tax for state purposes, personal property placed in a warehouse or distribution center for the purpose of subsequent shipment to an out-of- state destination. Personal property shall be deemed to be held for shipment to an out-of- state destination if the owner can reasonably demonstrate that the personal property will be shipped out of state within the next six (6) months.
KRS 132.097
Exemption from state ad valorem tax of personal property held for shipment out of state
Applied in 1 court decision — leading case Department of Revenue, Finance & Administration Cabinet v. Chegg, Inc. (2016)
Most recently applied in Department of Revenue, Finance & Administration Cabinet v. Chegg, Inc. (March 2016)
Effective: July 14, 2000 History: Created 2000 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.