2006 Kentucky Revised Statutes - .471   Transactions excluded from additional tax.

139.471 Transactions excluded from additional tax. Excluded from the additional taxes imposed by KRS 139.200, 139.310, and 139.320 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. Effective: July 1, 1990 History: Created 1990 Ky. Acts ch. 476, Pt. VII A, sec. 623, effective July 1, 1990.