There shall be exempt from ad valorem tax for state purposes, personal property placed in a warehouse or distribution center for the purpose of subsequent shipment to an out-of- state destination. Personal property shall be deemed to be held for shipment to an out-of- state destination if the owner can reasonably demonstrate that the personal property will be shipped out of state within the next six (6) months.
Effective: July 14, 2000

Terms Used In Kentucky Statutes 132.097

  • Owner: when applied to any animal, means any person having a property interest in such animal. See Kentucky Statutes 446.010
  • Personal property: All property that is not real property.
  • Personal property: includes every species and character of property, tangible and intangible, other than real property. See Kentucky Statutes 132.010
  • State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010

History: Created 2000 Ky. Acts ch. 274, sec. 2, effective July 14, 2000.

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