Kentucky Statutes 279.530 – Taxes
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Corporations formed under KRS § 279.310 to KRS § 279.600 shall be exempt from all profit taxes, gross and net taxes, sales taxes, occupation taxes, privilege taxes, income taxes, taxes on telephone service and from all excise taxes whatsoever, any statute now existing or hereafter passed to the contrary notwithstanding. In lieu of all other state, county, city and district taxes, except ad valorem and franchise taxes, corporations formed under KRS
279.310 to 279.600 shall pay to the State Treasurer an annual tax of ten dollars ($10).
Effective: March 25, 1950
History: Created 1950 Ky. Acts ch. 147, sec. 23, effective March 25, 1950.
279.310 to 279.600 shall pay to the State Treasurer an annual tax of ten dollars ($10).
Terms Used In Kentucky Statutes 279.530
- City: includes town. See Kentucky Statutes 446.010
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
- Statute: A law passed by a legislature.
- telephone service: shall include in its meaning communications services of all kinds allowed to any other telephone utility, authorized by regulatory agency and with some unregulated, that being the transmission of voice, data, sounds, signals, pictures, writing, or signs of all kinds, by use of wire, radio, light, electromagnetic impulse, broadband (wideband) spectrum, or any other transmission mode and facility used in rendition of such services. See Kentucky Statutes 279.310
Effective: March 25, 1950
History: Created 1950 Ky. Acts ch. 147, sec. 23, effective March 25, 1950.