Kentucky DOR Releases Sales Tax Facts on Gross Receipts Exemption for Taxable Services

The Kentucky Department of Revenue (DOR) June 1 released a Sales Tax Facts publication providing guidance on recent tax law changes and explanations about the tax treatment of various retail transactions. The publication provides: 1) effective Jan. 1, 2025, the gross receipts exemption for taxable services will increase to the first $12,000 from $6,000; 2) that the exemption will not apply to retailers engaged in the business of selling tangible personal property, digital property or certain other services; 3) that effective July 15, there is a new exemption for the sale, purchase, use, storage, consumption, installation, repair, and replacement of ...