KRS 68.190: Credit for payment of similar city tax.

Any amount paid to any city of the first class within such county as a license fee, for the

same privilege and for the same period, shall be credited against the county license fee

payable under subsections (1) and (2) of KRS 68.180. Any amount paid to any other city

within such county as a license fee, for the same privilege and for the same period, shall

be credited against the county license fee payable under subsections (1) and (2) of KRS

68.180, provided that such city, at least thirty (30) days prior to the beginning of any

county fiscal year, has contracted with the fiscal court to contribute annually to the

support of joint agencies of such county and one or more cities in the county, an amount

which bears the same ratio to the annual appropriation m ade for such joint agencies by a

city of the first class in the county, as the assessed valuations for county tax purposes, as

determined by the property valuation administrator, of the real and tangible personal

property, excluding franchises, located wit hin the corporate limits of such other cities,

respectively, bears to the same assessed valuations within a city of the first class in said

county.