KRS 42.495: Effect of reduction of local general tax effort.

(1) If a qualifying local government unit reduces its general tax effort for any fiscal

year, below the level of fiscal year 1991 -92, that governmental unit shall forfeit

funds that would otherwise be available under the provisions of KRS 42.450 to

42.495 on a dollar-for-dollar basis.

(2) For purposes of this section, "general tax effort" shall mean the total revenues

raised in fiscal year 1991 -92 from the levy of all of the taxing district's taxes in

fiscal year 1991 -92. Taxes based upon the 1991 assessment of property shall be

considered to be taxes levied and collected for fiscal year 1991-92.