AK Steel Corp. v. Commonwealth

OPINION

HUDDLESTON, Judge.

AK Steel Corporation appeals from a Franklin Circuit Court judgment that held that a statutory sales/use tax exemption for materials, supplies and repair and replacement parts purchased for use in the steel-making process expired in 1994.

This agreed case was submitted for decision by the circuit court pursuant to Kentucky Revised Statutes (KRS) 418.020. 1 The court was asked to interpret KRS 139.480(12), one of several subsections of KRS 139.480 which exempt various types of property from sales and use taxes. Subsection (12) provides that the following property shall…