Statutes > Kentucky Statutes > CHAPTER 160 SCHOOL DISTRICTS > 160.475 Ad valorem tax levy for school purposes -- Maximum rates -- Subdistrict taxes abolished.

160.475 Ad valorem tax levy for school purposes -- Maximum rates -- Subdistrict taxes abolished.

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160.475 Ad valorem tax levy for school purposes -- Maximum rates -- Subdistrict taxes abolished. (1) Except as otherwise provided in KRS 157.440, 160.470(1), and 160.476(4), the ad valorem tax levy for school purposes, other than sinking fund purposes, in each <br>school district, shall be not more than one dollar and fifty cents (&#36;1.50) annually on <br>each one hundred dollars (&#36;100) of property subject to local taxation. (2) All existing subdistrict school tax levies, except those required to retire voted bonds, are hereby abolished. Effective: July 14, 2000 <br>History: Amended 2000 Ky. Acts ch. 389, sec. 12, effective July 14, 2000. -- Amended 1996 Ky. Acts ch. 87, sec. 5, effective July 15, 1996. -- Amended 1990 Ky. Acts <br>ch. 476, Pt. III, sec. 111, effective July 13, 1990. -- Amended 1976 Ky. Acts ch. 93, <br>sec. 17, effective January 1, 1977. -- Amended 1974 Ky. Acts ch. 316, sec. 3; and <br>ch. 386, sec. 30. -- Created 1946 Ky. Acts ch. 36, secs. 1 (1), (2) and 2.