There shall be excluded from the computation of the amount of taxes imposed by this chapter moneys paid for the lease or rental of films by commercial motion picture theaters when the lease or rental is for the sole purpose of use in the normal course of business, if an admission fee is charged and if the commercial motion picture theater collects and remits all other applicable sales and use taxes, including, but not limited to, that on admissions.
KRS 139.484
Exemption of moneys paid for lease or rental of films by commercial motion picture theaters
Known as the Uniform Sales and Use Tax Administration Act
The act spans §§ 139–139 (145 sections).
Applied in 1 court decision — leading case WDKY-TV, Inc. v. Revenue Cabinet (1992)
Most recently applied in WDKY-TV, Inc. v. Revenue Cabinet (July 1992)
Effective: July 13, 1990 History: Created 1990 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.