KSC, TITLE 9. TAXATION & REVENUE SHARING
Chapter 3. Transaction Tax
Section 9.301. Transaction
A transaction tax of five
percent of the value of the transaction price received attaches to the following
(1) lease of office or dwelling place;
(4) motor vehicle rental; and
(5) video tape or film rental.
The consumer who purchases, leases or rents the goods or property, pays this tax at the time of the transaction.
Amended by State Law 7-56.