{"data":{"id":"us-ky/krs-132.193","jurisdiction":"us-ky","citation":"KRS 132.193","heading":"Assessment of possessory interests in tax -exempt personal property --","body":"Lessee's liability.\n(1) Leased personal property exempt from taxation when held by a natural person,\nassociation, or corporation in connection with a business conducted for p rofit, shall\nbe subject to taxation in the same amount and to the same extent as though the\nlessee were the owner of the property, except personal property used in vending\nstands operated by blind persons under the auspices of the Division of Kentucky\nBusiness Enterprise.\n(2) Taxes shall be assessed to lessees of exempt personal property and collected in the\nsame manner as taxes assessed to owners of other personal property, except that\ntaxes due under this section shall not become a lien against the person al property.\nWhen due, such taxes shall constitute a debt due from the lessee to the state, county,\nschool district, special district, city, urban -county government, charter county,\nconsolidated local government, or unified local government for which the t axes\nwere assessed and if unpaid shall be recoverable by the state as provided in KRS\nChapter 134.","path":["KRS Chapter 132"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=49078","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:23Z","sha256":"cef66d18f3291590f4b695cd832efeeb4c4a5ebfd96126d0133e4019c09c0102","source_id":"us-ky","stale":false,"prev":"us-ky/krs-132.192","next":"us-ky/krs-132.195"},"notice":"GroundRules: Original legal text. Not legal advice."}