{"data":{"id":"us-ky/krs-140.060","jurisdiction":"us-ky","citation":"KRS 140.060","heading":"Exemption of transfers to educational, religious and charitable","body":"institutions, and to cities and public institutions.\nAll transfers to educational, religious or other institutions, societies, or associations,\nwhose sole object and purpose are to carry on charitable, educational, or religious work,\nall transfers for or upon trust for any charitable, educational, or religious purpose, and all\ntransfers to cities, and towns or public institutions in this state for public purposes shall\nbe exempt from the t ax imposed by this chapter. But no such corporation or association\nshall be entitled to such exemption if any officer, member, stockholder or employee\nthereof shall receive or may be lawfully entitled to receive any pecuniary profit from the\noperations thereof, except reasonable compensation for services in effecting one or more\nof such purposes or as proper beneficiary of its strictly charitable purpose; or if the\norganization thereof, for any such avowed purpose, be a guise or pretense for directly or\nindirectly making any other pecuniary profit for such corporation or association, or for\nany of its members or employees, or if it be not in good faith organized or conducted\nexclusively for one or more of such purposes.","path":["KRS Chapter 140"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=28979","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:33Z","sha256":"58c991ba35d0463dd2ea7ae15b41c387603cf4323209f30f4319494babd14af0","source_id":"us-ky","stale":false,"prev":"us-ky/krs-140.055","next":"us-ky/krs-140.063"},"notice":"GroundRules: Original legal text. Not legal advice."}