2013 Kentucky Revised Statutes CHAPTER 132 - LEVY AND ASSESSMENT OF PROPERTY TAXES 132.025 Cumulative increase for 1982-83 only by taxing district -- Limit -- Public hearing and recall provisions not applicable.
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132.025 Cumulative increase for 1982-83 only by taxing district -- Limit -Public hearing and recall provisions not applicable.
(1)
(2)
(3)
In the event that the tax rate levied by an action of a taxing district, other than
the state, counties, school districts, cities, and urban-county governments, for
1979-80, 1980-81, or 1981-82 produced a percentage increase in revenue
from personal property less than the percentage increase in revenue from real
property for the respective year, the taxing district, other than the state,
counties, school districts, cities, and urban-county governments, may levy a tax
rate applicable to personal property for 1982-83 only, which will produce the
same cumulative percentage increase in revenue from personal property as
was produced from real property in 1979-80, 1980-81 and 1981-82. Such a tax
rate may be in addition to the tax rate levied under the provisions of KRS
132.024.
The tax rate levied under the provision of KRS 132.024 and subsection (1) of
this section shall not exceed the tax rate applicable to personal property levied
by the respective taxing district, other than the state, counties, school districts,
cities, and urban-county governments, in 1981-82.
The tax rate applicable to personal property levied by a taxing district, other
than the state, counties, school districts, cities, and urban-county governments
shall not be subject to the public hearing provisions of KRS 132.023(3) and to
the recall provisions of KRS 132.023(4).
Effective:July 13, 1990
History: Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 313, effective
July 13, 1990. -- Created 1982 Ky. Acts ch. 397, sec. 4, effective July 15, 1982.
Legislative Research Commission Note. (7/13/90) Pursuant to Section 653(2) of
1990 House Bill 940, Acts Ch. 476, the repeal and reenactment of this section in
that Act prevails over its repeal in another Act (ch. 343,
10) of the 1990
Regular Session.
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