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92.290 Situs for taxation in cities of third, fifth and sixth classes.

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92.290 Situs for taxation in cities of third, fifth and sixth classes. With the exception that the taxable situs of motor vehicles is governed by KRS 132.227, <br>all real and personal property within any city of the third, fifth or sixth class, and all <br>personal property, except such tangible personal property as has an actual and bona fide <br>situs without the city, of persons domiciled or actually residing in the city on the <br>assessment date, and of all corporations having their chief office or place of business in <br>the city on that date, and all franchises of same, shall be subject to assessment and <br>taxation for city purposes, unless exempt from taxation by the Constitution or statutes of <br>this state. Any franchise granted in whole or in part by a city of the third, fifth or sixth <br>class, and exercised within the city, may be taxed by the city notwithstanding the <br>corporation owning or exercising the same may have its chief office or place of business <br>elsewhere. Any corporation doing business in a city of the sixth class, whether its <br>franchise was granted by such city or not, may be required to pay a license tax. Effective: January 1, 1985 <br>History: Amended 1984 Ky. Acts ch. 54, sec. 12, effective January 1, 1985. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942 from Ky. Stat. <br>secs. 3374, 3654, 3673.