804 KAR 3:080.
Cash sales only.
RELATES TO: KRS
AUTHORITY: KRS 241.060
FUNCTION, AND CONFORMITY: KRS 244.040 requires all alcoholic beverage sales in
Kentucky to be for cash. This administrative regulation is an exception to that
provision and is necessitated by procedure required by the United States
Government agencies for payment of their purchases, and allows a distributor
selling malt beverages to a United States agency to defer his payment to the
brewery until he receives his payment from the United States agency or military
installation for which the purchases were made.
Section 1. A
distributor, who makes a purchase of malt beverages for the specific purpose of
making an immediate tax-free sale to a military or naval installation, or other
United States governmental agency permitted by state law to purchase tax-free
malt beverages, may be permitted to extend the time for the payment of such
purchase until such time as the said distributor receives his payment from the
military or naval installation for which the purchase was made. (ABC 2:100; 1
Ky.R. 168; eff. 12-11-74.)