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139.430 Property used by purchaser after giving certificate.

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139.430 Property used by purchaser after giving certificate. If a purchaser who gives a certificate makes any storage or use of the property other than <br>retention, demonstration or display while holding it for sale in the regular course of <br>business, the storage or use is taxable as of the time the property is first so stored or used. <br>If the sole use of the property, other than retention, demonstration or display in the regular <br>course of business, is the rental of the property while holding it for sale, the purchaser <br>shall pay the tax on the use measured by the amount of the rental charged rather than the <br>sales price of the property to him. Effective: August 1, 1985 <br>History: Amended 1985 (1st Extra. Sess.) Ky. Acts ch. 6, Pt. III, sec. 9, effective August 1, 1985. -- Created 1960 Ky. Acts ch. 5, Art. I, sec. 42, effective February 5, <br>1960. Legislative Research Commission Note. 1985 (1st Extra. Sess.) Ky. Acts ch. 6, Pt. III, sec. 11, directed that the provisions of this section would be effective August 1, <br>1985.