804 Kar 3:080. Cash Sales Only

Link to law: http://www.lrc.ky.gov/kar/804/003/080.htm
Published: 2015

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      804 KAR 3:080.

Cash sales only.

 

      RELATES TO: KRS

244.040

      STATUTORY

AUTHORITY: KRS 241.060

      NECESSITY,

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.)