Statutes > Kentucky Statutes > CHAPTER 132 LEVY AND ASSESSMENT OF PROPERTY TAXES > 132.208 Exemption of intangible personal property from state and local ad valorem taxes -- Local taxation permitted.

132.208 Exemption of intangible personal property from state and local ad valorem taxes -- Local taxation permitted.

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Page 1 of 1 132.208 Exemption of intangible personal property from state and local ad valorem taxes -- Local taxation permitted. All intangible personal property except that which is assessed under KRS 132.030 or <br>KRS Chapter 136 shall be exempt from state and local ad valorem tax. Nothing in this <br>section shall forbid local taxation of franchises of corporations or of financial institutions, <br>as provided for in KRS 136.575, or domestic life insurance companies. Effective: January 1, 2006 <br>History: Amended 2005 Ky. Acts ch. 168, sec. 58, effective January 1, 2006. -- Created 2000 Ky. Acts ch. 327, sec. 9, effective July 14, 2000.