Every municipal corporation of the Commonwealth may levy a tax on coin machines. Coin machines shall include any lawful coin or token-operated machine or device which contains no element of chance and which as a result of depositing a coin, token, or other object automatically or by some mechanical operation affords music or amusement of some character with or without vending any merchandise, but in addition to any merchandise. Coin machines shall not include any bona fide merchandise vending machine in which there are no amusement features. Any license tax so imposed by a municipal corporation shall not exceed ten dollars ($10) per machine, except that cities of the first class may levy taxes equal to twenty dollars ($20) per machine.
Effective: June 30, 1994

Terms Used In Kentucky Statutes 137.410

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Corporation: may extend and be applied to any corporation, company, partnership, joint stock company, or association. See Kentucky Statutes 446.010

History: Amended 1994 Ky. Acts ch. 13, sec. 1, effective June 30, 1994. — Created
1950 Ky. Acts ch. 68, sec. 8.

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