# KRS § 140.060: 140.060 Exemption of transfers to educational, religious and charitable institutions, and to cities and public institutions

> Kentucky · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C140_S140.060

## Section

- **Citation:** KRS § 140.060
- **Heading:** 140.060 Exemption of transfers to educational, religious and charitable institutions, and to cities and public institutions
- **Jurisdiction:** Kentucky
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** KY Code / Title XI / Chapter 140 / Section 140.060

## Text

140.060 Exemption of transfers to educational, religious and charitable

institutions, and to cities and public institutions.

All transfers to educational, religious or other institutions, societies, or associations,

whose sole object and purpose are to carry on charitable, educational, or religious work,

all transfers for or upon trust for any charitable, educational, or religious purpose, and all

transfers to cities, and towns or public institutions in this state for public purposes shall

be exempt from the tax imposed by this chapter. But no such corporation or association

shall be entitled to such exemption if any officer, member, stockholder or employee

thereof shall receive or may be lawfully entitled to receive any pecuniary profit from the

operations thereof, except reasonable compensation for services in effecting one or more

of such purposes or as proper beneficiary of its strictly charitable purpose; or if the

organization thereof, for any such avowed purpose, be a guise or pretense for directly or

indirectly making any other pecuniary profit for such corporation or association, or for

any of its members or employees, or if it be not in good faith organized or conducted

exclusively for one or more of such purposes.

## Nearby sections

- [KRS § 140.010 140.010 Levy of inheritance tax -- Property affected -- When tax attaches](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C140_S140.010.md)
- [KRS § 140.015 140.015 Exemption of benefits from federal government arising out of military service](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C140_S140.015.md)
- [KRS § 140.020 140.020 Taxation of transfers made in contemplation of death -- Revocable trusts -- Presumption of contemplation -- When presumption does not apply](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C140_S140.020.md)
- [KRS § 140.030 140.030 Taxation of contracts in contemplation of death -- Proceeds of life insurance policies -- Exemptions](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C140_S140.030.md)
- [KRS § 140.040 140.040 Taxation of transfers by power of appointment -- When transfer deemed to take place -- Date as of which value of property determined -- Remainder interests -- Rates and exemptions](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C140_S140.040.md)
- [KRS § 140.050 140.050 Taxation of surviving owner of a joint interest](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C140_S140.050.md)
- [KRS § 140.060 140.060 Exemption of transfers to educational, religious and charitable institutions, and to cities and public institutions](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C140_S140.060.md)
- [KRS § 140.063 140.063 Exemption of annuities or other payments under employees' trusts -- Retirement annuities -- Individual retirement bonds, accounts, and annuities](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C140_S140.063.md)
- [KRS § 140.070 140.070 Inheritance tax rates](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C140_S140.070.md)
- [KRS § 140.080 140.080 Exemptions of inheritable interests](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C140_S140.080.md)
- [KRS § 140.090 140.090 Deductions allowed from distributive shares](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C140_S140.090.md)
- [KRS § 140.095 140.095 Credit in case same property passes again within five years](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C140_S140.095.md)
- [KRS § 140.100 140.100 Valuation of future and contingent estates -- Taxation of life estates -- Valuation of surviving spouse's interest in trust or life estate](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C140_S140.100.md)
- [KRS § 140.110 140.110 Taxation of contingent and defeasible estates](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C140_S140.110.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C140_S140.060. Check the current official text before relying on it. Not legal advice.