Kentucky Revised Statutes

Ky. Rev. Stat. § 139.720 (2026)

Records required to be kept -- For how long

✓ current as of May 2026

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(1) Every seller, every retailer, and every person storing, using and otherwise consuming in this state tangible personal property, digital property, or services included in KRS 139.200 purchased from a retailer shall keep such records, receipts, invoices, and other pertinent papers in such form as the department may require. (2) Every such seller, retailer, or person who files the returns required under this chapter shall keep such records for not less than four (4) years from the making of such records unless the department in writing sooner authorizes their destruction. Effective: June 27, 2019 History: Amended 2019 Ky. Acts ch. 151, sec. 34, effective June 27, 2019. -- Amended 2018 Ky. Acts ch. 171, sec. 49, effective April 14, 2018; and ch. 207, sec. 49, effective April 27, 2018. -- Amended 2009 Ky. Acts ch. 73, sec. 22, effective July 1, 2009. -- Amended 2005 Ky. Acts ch. 85, sec. 442, effective June 20, 2005. -- Created 1960 Ky. Acts ch. 5, Art. I, sec. 69, effective February 5, 1960. Legislative Research Commission Note (6/27/2019). Section 82 of 2019 Ky. Acts ch. 151 states that the amendments to this statute made in Section 34 of that Act apply to transactions occurring on or after July 1, 2019 . Legislative Research Commission Note (4/27/2018). Pursuant to 2018 Ky. Acts ch. 207, sec. 152, the amendments made to this statute in that Act apply to transactions occurring on or after July 1, 2018.

Notes of Decisions

Cited in 2 cases, 1984–1991 · leading case: Revenue Cabinet Commonwealth v. Moors Resort, Inc., 675 S.W.2d 859 (Ky. Ct. App. 1984).

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Revenue Cabinet Commonwealth v. Moors Resort, Inc., 675 S.W.2d 859 (Ky. Ct. App. 1984). “Cabinet further suggests that taxpayer should suffer prejudice for failure to keep more complete records as required under KRS 139.720. In this latter regard, we note that cabinet’s auditor demonstrated abundant fairness in permitting taxpayer to “reconstruct” what appears to…”

Pace Membership Warehouse, Inc. v. Revenue Cabinet, 808 S.W.2d 353 (Ky. Ct. App. 1991). “(2) “Good faith” shall be demonstrated by the seller if he: (a) Accepts a properly completed resale certificate; (b) Maintains a file of such certificate in accordance with KRS 139.720; and (c) Determines that the kind of property being sold to the purchaser is normally offered…”

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