KRS 132.193 — Assessment of possessory interests in tax-exempt personal property -- Lessee's liability

(1) Leased personal property exempt from taxation when held by a natural person,
association, or corporation in connection with a business conducted for p rofit, shall
be subject to taxation in the same amount and to the same extent as though the
lessee were the owner of the property, except personal property used in vending
stands operated by blind persons under the auspices of the Division of Kentucky
Business Enterprise.
(2) Taxes shall be assessed to lessees of exempt personal property and collected in the
same manner as taxes assessed to owners of other personal property, except that
taxes due under this section shall not become a lien against the person al property.
When due, such taxes shall constitute a debt due from the lessee to the state, county,
school district, special district, city, urban -county government, charter county,
consolidated local government, or unified local government for which the t axes
were assessed and if unpaid shall be recoverable by the state as provided in KRS
Chapter 134.