132.025 Cumulative increase for 1982-83 only by taxing district -- Limit -- Public hearing and recall provisions not applicable. - Kentucky Statutes

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132.025 Cumulative increase for 1982-83 only by taxing district -- Limit -- Public hearing and recall provisions not applicable. (1) In the event that the tax rate levied by an action of a taxing district, other than the state, counties, school districts, cities, and urban-county governments, for 1979-80,
1980-81, or 1981-82 produced a percentage increase in revenue from personal
property less than the percentage increase in revenue from real property for the
respective year, the taxing district, other than the state, counties, school districts,
cities, and urban-county governments, may levy a tax rate applicable to personal
property for 1982-83 only, which will produce the same cumulative percentage
increase in revenue from personal property as was produced from real property in
1979-80, 1980-81 and 1981-82. Such a tax rate may be in addition to the tax rate
levied under the provisions of KRS 132.024. (2) The tax rate levied under the provision of KRS 132.024 and subsection (1) of this section shall not exceed the tax rate applicable to personal property levied by the
respective taxing district, other than the state, counties, school districts, cities, and
urban-county governments, in 1981-82. (3) The tax rate applicable to personal property levied by a taxing district, other than the state, counties, school districts, cities, and urban-county governments shall not
be subject to the public hearing provisions of KRS 132.023(3) and to the recall
provisions of KRS 132.023(4). Effective: July 13, 1990
History: Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 313, effective July 13, 1990. -- Created 1982 Ky. Acts ch. 397, sec. 4, effective July 15, 1982. Legislative Research Commission Note. (7/13/90) Pursuant to Section 653(2) of 1990 House Bill 940, Acts Ch. 476, the repeal and reenactment of this section in that Act
prevails over its repeal in another Act (ch. 343,