2006 Kentucky Revised Statutes - .538   Legislative purpose.

139.538 Legislative purpose. It is the intent and purpose of the General Assembly in enacting KRS 139.5381 to 139.5386 and 139.990(5), to encourage the motion picture industry to choose locations in the Commonwealth of Kentucky for the filming or producing of motion pictures, by providing an exemption from sales and use taxes. The exemption is accomplished by granting a refundable credit for sales and use taxes paid on purchases made in connection with the filming or producing of motion pictures in Kentucky. Effective: July 15, 1986 History: Created 1986 Ky. Acts ch. 464, sec. 1, effective July 15, 1986. Legislative Research Commission Note (11/16/90). Because of the amendment of KRS 139.990 in 1988 Acts Ch. 135, § 6, the text of subsection (6) of that statute was reassigned as subsection (5). Pursuant to KRS 7.136(1), the cross-references to that subsection in this statute has been changed to agree with this renumbering.