68.604 Organization of taxing district under KRS 68.602 -- Ad valorem tax and
213 words·~1 min read·
/ky/68-604A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
occupational license tax.
(1)Districts shall be organized under the procedures of KRS 68.602.
(2)A district created under KRS 68.602 shall constitute a taxing district within the
meaning of Section 157 of the Constitution of Kentucky.
(3)A special ad valorem tax and an occupational license tax may be imposed for the
establishment, maintenance, and operation of the governmental services provided to
the district.
(a)The ad valorem tax levied shall not exceed ten cents ($0.10) per one hundred
dollars ($100) of the assessed valuation of all property in the district.
(b)The occupational license tax may be assessed after the approval of the fiscal
court of the county in which the district is located under the provisions of
KRS 68.178, 68.180, 68.185, 68.190, 68.195, 68.197, 68.198, 68.200, and
68.202, as may be amended from time to time.
(4)All special ad valorem taxes and occupational license taxes authorized by KRS
65.180, 65.182, and 68.600 to 68.606 shall be collected in the same manner as are
other county ad valorem taxes and occupational license taxes in each county
affected and shall be turned over to the board, or to the fiscal court if there is no
board. The special ad valorem tax shall be in addition to all other ad valorem taxes.