67.793 Tax district may levy one-time tax rate.
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/ky/chapter-67/67-793A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.