103 KAR 41:120
Retention of records
Section 1.
(1) Every licensee or other person required by KRS 138.135(4) and 138.195 to preserve books, records, invoices, and documents shall keep copies of those books, records, invoices, and documents on the immediate premises of each place of business for a period of four (4) years.
(2) This requirement shall be effective for books, records, invoices, and documents created, made, or received on or after:
(a) July 1, 2013, for licensed distributors, retail distributors, and retailers of tobacco products, in accordance with KRS 138.135; and
(b) August 1, 2013, for manufacturers and importers of cigarettes, in accordance with KRS 138.195.
(3) These books, records, invoices, and documents shall be available upon demand during this period of time for inspection by agents of the Department of Revenue.
Amendment history
(CT-32; 1 Ky.R. 333; eff. 2-5-1975; TAm eff. 5-20-2009; 40 Ky.R. 359; 785; eff. 11-1-2013; TAm eff. 6-28-2016; Crt eff. 12-3-2019; Crt eff. 1-28-2020; Crt eff. 7-9-2026.)
Source: view the official text
In this chapter (10 sections)
- 41:040 · Cigarette vending machine operators
- 41:090 · Evidence of tax payment
- 41:100 · Segregation of cigarettes
- 41:110 · Sample of cigarettes
- 41:120 · Retention of records
- 41:130 · Elimination of cigarette tax indicia
- 41:140 · Circular relating to cigarette licenses and taxes
- 41:150 · Cigarette subjobber licenses
- 41:160 · Unstamped cigarettes damaged in transit
- 41:220 · Applications, stamp orders, returns, reports, and statements…