Ky. Rev. Stat. § 157.362

Current through 2024 Ky. Acts ch. 225

Section 157.362 - Portion of assessed value not included in calculation of local effort

The portion of the assessed value of distilled spirits which equates to the percentage of the otherwise applicable tax rate that does not apply under KRS 132.140(3) shall not be included in the calculation of the local effort required for Support Education Excellence in Kentucky or the tax rate-setting process in KRS Chapter 160.

KRS 157.362

Added by 2023 Ky. Acts ch. 148,§ 4, eff. 3/31/2023.