103 KAR 27:040 - Finance companies
RELATES TO: KRS 139.010, 139.200
NECESSITY, FUNCTION, AND CONFORMITY: To interpret the sales and use tax law as it applies to sales of tangible personal property by finance companies.
Section 1. Sales of tangible
personal property by a finance company as a result of a default of payments by
a customer are subject to the sales or use tax when such property is sold to a
consumer.
Notes
STATUTORY AUTHORITY: KRS 131.130(1)
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.