132.0 97 Exemption from state ad valorem tax of personal property held for shipment out of state. There shall be exempt from ad valorem tax for state purposes, personal property placed in a warehouse or distribution center for the purpose of subsequent shipmen t to an out -of- state destination. Personal property shall be deemed to be held for shipment to an out -of- state destination if the owner can reasonably demonstrate that the personal property will be shipped out of state within the next six (6) months. Effec tive: July 14, 2000 History: Created 2000 Ky. Acts ch. 274, sec. 2, effective July 14, 2000.
Kentucky Legal Code