State Codes and Statutes

State Codes and Statutes

Statutes > Kentucky > 154A00 > 430

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154A.430 Computation of retailer's rental payments. If a lottery retailer's rental payments for the business premises are contractually <br>computed, in whole or in part, on the basis of a percentage of retail sales, and such <br>computation of retail sales is not explicitly defined to include sales of tickets in a state-<br>operated lottery, the compensation received by the lottery retailer from the lottery shall be <br>considered the amount of the retail sale for purposes of computing the rental payment. Effective: December 15, 1988 <br>History: Created 1988 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 14, effective December 15, 1988.