If a purchaser who gives a certificate makes any storage or use of the property other than retention, demonstration or display while holding it for sale in the regular course of business, the storage or use is taxable as of the time the property is first so stored or used. If the sole use of the property, other than retention, demonstration or display in the regular course of business, is the rental of the property while holding it for sale, the purchaser shall pay the tax on the use measured by the amount of the rental charged rather than the sales price of the property to him.
KRS 139.430
Property used by purchaser after giving certificate
Known as the Uniform Sales and Use Tax Administration Act
The act spans §§ 139–139 (145 sections).
Applied in 1 court decision — leading case Whayne Supply Co. v. Commonwealth ex rel. Gillis (1985)
Most recently applied in Whayne Supply Co. v. Commonwealth ex rel. Gillis (January 1985)
Effective: August 1, 1985 History: Amended 1985 (1st Extra
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.