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67A.850 Taxing power.

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67A.850 Taxing power. Urban-county government may exercise ad valorem property taxing powers pursuant to <br>the Kentucky Constitution, Section 157, to the limits authorized therein for the class of <br>city to which the largest city in the county belonged on the day prior to the date the urban-<br>county government became effective. The taxing powers must be exercised by the urban-<br>county government consistent with the Kentucky Constitution, Section 172A, and KRS <br>132.010, 132.023, and 132.027. Provided, in no way will this section and KRS 67A.860 <br>allow an urban-county government to increase the taxes of any district without the urban-<br>county government having first performed its obligations to provide services for such <br>increases. Within the privileges and limitations of this section, an urban-county <br>government may impose an additional ad valorem tax, not to exceed five cents (&#36;0.05) <br>per one hundred dollars (&#36;100), for the purpose of funding the purchase of development <br>rights program provided for under KRS 67A.845. Effective: July 15, 1998 <br>History: Amended 1998 Ky. Acts ch. 372, sec. 7, effective July 15, 1998. -- Amended 1990 Ky. Acts ch. 343, sec. 9, effective July 13, 1990. -- Created 1974 Ky. Acts <br>ch. 243, sec. 1, effective June 21, 1974.