There shall be excluded from the computation of the amount of taxes imposed by this chapter moneys paid for the lease or rental of films by commercial motion picture theaters when the lease or rental is for the sole purpose of use in the normal course of business, if an admission fee is charged and if the commercial motion picture theater collects and remits all other applicable sales and use taxes, including, but not limited to, that on admissions.
Effective: July 13, 1990

Terms Used In Kentucky Statutes 139.484

  • Admissions: means the fees paid for:
    1. See Kentucky Statutes 139.010
  • Business: includes any activity engaged in by any person or caused to be engaged in by that person with the object of gain, benefit, or advantage, either direct or indirect. See Kentucky Statutes 139.010
  • 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
  • Lease or rental: means any transfer of possession or control of tangible personal property for a fixed or indeterminate term for consideration. See Kentucky Statutes 139.010
  • Use: includes the exercise of:
    1. See Kentucky Statutes 139.010

History: Created 1990 Ky. Acts ch. 121, sec. 1, effective July 13, 1990.

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