{"data":{"id":"us-ky/krs-132.024","jurisdiction":"us-ky","citation":"KRS 132.024","heading":"Limits for special purpose governmental entities on personal property tax","body":"rate.\n(1) If the tax rate applicable to real property levied by a special purpose governmental\nentity will produce a percentage increase in revenue from personal property less\nthan the percentage increase in revenue from real property, the special purpose\ngovernmental entity may levy a tax rate applicable to personal property which will\nproduce the same percentage increase in revenue from personal property as the\npercentage increase in revenue from real property.\n(2) The tax rate applicable to personal property levied by a special purpose\ngovernmental entity under the provisions of subsection (1) of this section shall not\nbe subject to the public hearing provisions of KRS 132.023( 2) and to the recall\nprovisions of KRS 132.023(3).","path":["KRS Chapter 132"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=41767","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:23Z","sha256":"0218ab856287b50c28870ef42d98dffd8487048b7f48da19e8b1fce3e753e69f","source_id":"us-ky","stale":false,"prev":"us-ky/krs-132.023","next":"us-ky/krs-132.025"},"notice":"GroundRules: Original legal text. Not legal advice."}