160.621 Excise tax on individual income for schools.
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<![CDATA[160.621 Excise tax on individual income for schools. There is hereby authorized an excise tax for schools not to exceed twenty percent (20%) <br>on a county resident's state individual income tax liability as computed under KRS <br>Chapter 141. The tax year, for purposes of this school tax, shall be the same as the <br>individual's tax year for state income tax purposes. An individual is a resident of a county <br>if, on December 31 of his tax year, he was domiciled in such county. Effective: July 13, 1990 <br>History: Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 465, effective July 13, 1990. -- Created 1966 Ky. Acts ch. 24, Part III, sec. 12. ]]>