Kentucky Exempts Sales Tax for Future Farmers of America
- Sales Tax News
- Apr 14, 2014 | Gail Cole
Kentucky has expanded an exemption from sales tax to sales of tangible personal property made by a certain “federally chartered corporation at the corporation’s annual national convention,” in Kentucky. In this case, the federally chartered corporation must “serve students and former students of vocational agriculture in middle and secondary schools to develop character, train for useful citizenship, and foster patriotism.” The Future Farmers of America fits the bill.
The new exemption applies to sales made on or after October 1, 2014. The exemption expires December 31, 2014.
Interested in the specifics? Read House Bill 488 in its entirety.
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