Kentucky Agreement to Sell and Purchase Sheep

State:
Multi-State
Control #:
US-01145BG
Format:
Word; 
Rich Text
Instant download

Description

A sale of animals ordinarily involves the same considerations as the sale of any other personal property. Such sales are generally governed by the provisions of the Uniform Commercial Code. For example UCC § 2-105(1) specifically includes the unborn young of animals in the definition of "goods."


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

You can register for sales tax in Kentucky by visiting the Kentucky Department of Revenue's website. The online process is straightforward, requiring you to fill out forms related to your business structure and activities. If you sell sheep or livestock, including them in your business details ensures clarity in your sales tax registration.

In general, clothing, groceries, medicines and medical devices and industrial equipment are sales tax exempt in many states (but don't assume they'll be exempt in all states. Every state is different when it comes to sales tax!)

Kentucky Food and food ingredients are exempt from sales tax. This exemption does not include candy, tobacco, alcoholic beverages, soft drinks, dietary supplements, prepared food or any food sold through vending machines.

Livestock and livestock products account for about half of Kentucky's farm income. Kentucky ranks 1st in both the thoroughbred horse breeding industry and in the value of sales at $1 billion. The top agricultural commodities in 2008 were: horses & mules, broiler/meat chickens, corn, cattle & calves, and soybeans.

If you see, or suspect, that a person may be treating an animal badly, whether this is physical violence, neglect or any other form of cruelty, you should report this to the RSPCA's cruelty line (7am-10pm, seven days a week). You can contact them on 0300 1234 999.

A livestock agent, also known as a livestock buyer, is an agricultural professional who manages the buying and selling of farm animals, such as cattle, poultry or pigs. They work on behalf of their clients, which may include farmers, ranchers, meat processing plants or other companies that use animal products.

Certain goods are exempt from sales and use tax including coal and other energy-producing fuels, certain medical items, locomotives or rolling stock, certain farm machinery and livestock, certain seeds and farm chemicals, machinery for new and expanded industry, tombstones, textbooks, property certified as an alcohol

Under the enabling legislation for the amendment, to qualify as farmland the property had to contain a minimum number of acres (10 acres for agricultural land and 5 acres for horticultural land) and had to be used for agricultural or horticultural purposes.

Goods that are subject to sales tax in Kentucky include physical property, like furniture, home appliances, and motor vehicles. Groceries, prescription medicine, and gasoline are all tax-exempt. Some services in Kentucky are subject to sales tax.

The Kentucky Revised Statute 132.010 (9, 10, 11) defines agricultural land as any tract of land, including all income producing improvements of at least 10 contiguous acres in area used for the production of livestock, livestock products, poultry, poultry products and/or the growing of tobacco and/or crops including

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Kentucky Agreement to Sell and Purchase Sheep