Ky. Rev. Stat. § 67.793
Current through Acts Received April 24, 2024
Notwithstanding the maximum tax rates in KRS 68.180, 68.197, and 91.200, a tax district which levies a tax on net profits may levy a tax rate that would generate approximately the same amount of revenues as the prior year plus normal revenue growth experienced by the tax district over the prior five (5) years. A tax district may invoke the provisions of this section only once.
KRS 67.793
Created 2003, Ky. Acts ch. 117, sec. 23, effective6/24/2003.