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AN ACT relating to sales and use tax. Amend KRS 139.350 to allow a retailer or lender to claim a deduction for bad debts or claim a refund of the sales or use tax previously reported by the retailer on the unpaid balance due on a private label credit card; allows the bad debt to be determined by various methods if approved by the Department of Revenue; EFFECTIVE January 1, 2016.



  • T. Pullin