KRS 139.471 — Transactions excluded from additional tax

Excluded from the additional taxes imposed by KRS 139.200 and 139.310 are gross
receipts:
(1) Derived from sales of and the storage, use, or other consumption of tangible
personal property purchased for use in the performance of a lump -sum, fixed -fee
contract executed on or before March 9, 1990;
(2) Derived from sales made under fixed price sales contracts executed on or before
March 9, 1990, provided the contract specifies a five percent (5%) sales tax rate;
and
(3) Derived from a lease or rental agreement entered into on or before March 9, 1990.