Regulation360 (September 1, 2021, 5:51 PM EDT) — Kentucky’s product sales and use tax exemptions for machinery, tools and supplies applied in the manufacturing approach are just one fickle beast. Kentucky courts have grappled with the intricacies of inserting definitions on what can and are unable to drop below these exemptions for a long time, normally leaving taxpayers to reconcile conflicting, or at the very least not cohesive, interpretations of the similar.
The Kentucky Court docket of Appeals weighed in with its decision previous thirty day period in Century Aluminum v. Office of Profits. But did this feeling clarify lingering concerns? This report examines the continuing difficulties companies and industrial processors deal with in the commonwealth — and what to do…
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