Learn About the Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2024 | Updated by FindLaw Staff
(1) Notwithstanding any other provisions of this chapter to the contrary, the taxes imposed by this chapter shall apply to:
(a) Fees paid for breeding a stallion to a mare in this state;
(b) Sales of horses unless exempted under the provisions of subsections (2)(a) or (2)(d) of this section; and
(c) The sales price of any horse claimed at any race meeting within this state.
(2) In addition to any other exemptions provided for the horse industry in this chapter, the taxes imposed under the provisions of this chapter shall not apply to the following activities:
(a) The sale or use of horses, or interests or shares in horses, provided the purchase or use is made for breeding purposes only;
(b) The use of a stallion for breeding purposes by an owner or shareholder of the stallion;
(c) The trading of stallion services by an owner or shareholder of the stallion;
(d) The sale of horses less than two (2) years of age at the time of sale, provided the sale is made to a nonresident of Kentucky. For the purposes of this section, a nonresident means a person as defined in KRS 141.010 who is not a resident in this state as defined by KRS 141.010 or who is not commercially domiciled in this state as defined in KRS 141.901;
(e) The boarding and training of horses within this state; and
(f) The temporary use of horses within this state for purposes of racing, exhibiting, or performing.
Cite this article: FindLaw.com - Kentucky Revised Statutes Title XI. Revenue and Taxation § 139.531.Application of taxes to horse industry - last updated January 01, 2024 | https://codes.findlaw.com/ky/title-xi-revenue-and-taxation/ky-rev-st-sect-139-531/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)