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.