139.471 Transactions excluded from additional tax.
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/ky/chapter-139/139-471A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.