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KRS 139.471

Transactions excluded from additional tax

Known as the Uniform Sales and Use Tax Administration Act

The act spans §§ 139–139 (145 sections).

Effective: July 1, 2007 History: Amended 2007 Ky

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.

Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.