Kentucky Revised Statutes Title XI. Revenue and Taxation § 136.010.Definitions for chapter, except KRS 136.500 to 136.575

(1) “Out-of-state business property” means all real and personal property having a taxable situs outside this state owned by a corporation for use in the active conduct of a trade or business;

(2) “Personal property” means every species and character of property, tangible and intangible, other than real property;

(3) “Real property”:

(4) “Tax exempt United States obligations” means all obligations of the United States exempt from taxation under 31 U.S.C. sec. 3124(a) or exempt under the United States Constitution or any federal statute including the obligations of any instrumentality or agency of the United States which are exempt from state or local taxation under the United States Constitution or any statute of the United States.