Section 132.024 - Limits for special purpose governmental entities on personal property tax rate(1) If the tax rate applicable to real property levied by a special purpose governmental entity will produce a percentage increase in revenue from personal property less than the percentage increase in revenue from real property, the special purpose governmental entity may levy a tax rate applicable to personal property which will produce the same percentage increase in revenue from personal property as the percentage increase in revenue from real property.(2) The tax rate applicable to personal property levied by a special purpose governmental entity under the provisions of subsection (1) of this section shall not be subject to the public hearing provisions of KRS 132.023(2) and to the recall provisions of KRS 132.023(3).Amended by 2013 Ky. Acts ch. 40,§ 88, eff. 3/21/2013.Effective:7/13/1990
Amended 1990 Ky. Acts ch. 343, secs. 6 and 11, effective7/13/1990; and ch. 476, Pt. V, sec. 312, effective7/13/1990. -- Created 1982 Ky. Acts ch. 397, sec. 3, effective 7/15/1982.