{"data":{"id":"us-ky/krs-139.290","jurisdiction":"us-ky","citation":"KRS 139.290","heading":"Property used by purchaser after giving certificate -- When retailer may","body":"deduct purchase price.\n(1) If a retailer or seller who gives a resale certificate makes any use of the tangible\npersonal property or digital property other than retention, demons tration or display\nwhile holding it for sale in the regular course of business, the use shall be taxable to\nthe retailer or seller as of the time the property is first used by the retailer or seller,\nand the sales price of the property to the retailer or s eller shall be deemed the\nmeasure of the tax.\n(2) If the sole use of the property by the retailer other than retention, demonstration or\ndisplay in the regular course of business is the rental of the property while holding it\nfor sale, the retailer shall i nclude in gross receipts the amount of the rental charged\nrather than the sales price of the property.\n(3) If a retailer sells tangible personal property or digital property before making any\nuse thereof, other than retention, demonstration, or display whi le holding it for sale\nin the regular course of business, the retailer may take a deduction of the purchase\nprice of the property if, with respect to its purchase, the retailer has reimbursed the\nvendor for the sales tax or has paid the use tax. If a deduc tion is taken by the\nretailer, no refund or credit shall be allowed to the vendor with respect to the sale of\nthat property.","path":["KRS Chapter 139"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=28871","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:31Z","sha256":"358a8513141ede79afdbda0632fa2e0b2779e56070d88e6ba26d46e1bf256f69","source_id":"us-ky","stale":false,"prev":"us-ky/krs-139.280","next":"us-ky/krs-139.300"},"notice":"GroundRules: Original legal text. Not legal advice."}