Kentucky Statutes 279.200 – Taxes
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Corporations formed under this chapter shall be exempt from all profit taxes, gross and net taxes, sales taxes, occupation taxes, privilege taxes, income taxes, taxes on electric current consumed 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 this chapter shall pay to the State Treasurer an annual tax of ten dollars ($10).
History: Amended 1944 Ky. Acts ch. 173, sec. 19. — Recodified 1942 Ky. Acts ch.
208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 883j-28.
History: Amended 1944 Ky. Acts ch. 173, sec. 19. — Recodified 1942 Ky. Acts ch.
Terms Used In Kentucky Statutes 279.200
- 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.
208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 883j-28.