Statutes > Kentucky Statutes > CHAPTER 68 COUNTY FINANCE AND COUNTY TREASURER > 68.248 County revenue limits on tax rate applicable to personal property.

68.248 County revenue limits on tax rate applicable to personal property.

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68.248 County revenue limits on tax rate applicable to personal property. (1) In the event that the tax rate applicable to real property levied by a county fiscal court will produce a percentage increase in revenue from personal property less than <br>the percentage increase in revenue from real property, the county fiscal court may <br>levy a tax rate applicable to personal property which will produce the same <br>percentage increase in revenue from personal property as the percentage increase in <br>revenue from real property. (2) The tax rate applicable to personal property levied by a county fiscal court under the provisions of subsection (1) of this section shall not be subject to the public hearing <br>provisions of KRS 68.245(5) and to the recall provisions of KRS 68.245(6). Effective: July 13, 1990 <br>History: Amended 1990 Ky. Acts ch. 343, sec. 2, effective July 13, 1990. -- Created 1982 Ky. Acts ch. 397, sec. 1, effective July 15, 1982.