Kentucky Statutes 139.202 – Exclusions from additional taxable services
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Excluded from the additional taxable services imposed by KRS § 139.200(2)(q) to (ax) are gross receipts derived from:
(1) Sales of the services in fulfillment of a lump-sum, fixed-fee contract or a fixed price sales contract executed on or before February 25, 2022; and
(2) A lease or rental agreement entered into on or before February 25, 2022.
Effective: March 24, 2023
History: Amended 2023 Ky. Acts ch. 92, sec. 8, effective March 24, 2023. — Created
2022 Ky. Acts ch. 212, sec. 13, effective January 1, 2023.
Legislative Research Commission Note (3/24/2023). 2023 Ky. Acts ch. 92, sec. 57, provides that the amendments to this statute in that Act apply retroactively to January
1, 2023, and notwithstanding KRS § 131.183, interest shall not be allowed or paid on a refund related to those amendments.
(1) Sales of the services in fulfillment of a lump-sum, fixed-fee contract or a fixed price sales contract executed on or before February 25, 2022; and
Terms Used In Kentucky Statutes 139.202
- Contract: A legal written agreement that becomes binding when signed.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Statute: A law passed by a legislature.
(2) A lease or rental agreement entered into on or before February 25, 2022.
Effective: March 24, 2023
History: Amended 2023 Ky. Acts ch. 92, sec. 8, effective March 24, 2023. — Created
2022 Ky. Acts ch. 212, sec. 13, effective January 1, 2023.
Legislative Research Commission Note (3/24/2023). 2023 Ky. Acts ch. 92, sec. 57, provides that the amendments to this statute in that Act apply retroactively to January
1, 2023, and notwithstanding KRS § 131.183, interest shall not be allowed or paid on a refund related to those amendments.