{"data":{"id":"us-ky/krs-42.495","jurisdiction":"us-ky","citation":"KRS 42.495","heading":"Effect of reduction of local general tax effort.","body":"(1) If a qualifying local government unit reduces its general tax effort for any fiscal\nyear, below the level of fiscal year 1991 -92, that governmental unit shall forfeit\nfunds that would otherwise be available under the provisions of KRS 42.450 to\n42.495 on a dollar-for-dollar basis.\n(2) For purposes of this section, \"general tax effort\" shall mean the total revenues\nraised in fiscal year 1991 -92 from the levy of all of the taxing district's taxes in\nfiscal year 1991 -92. Taxes based upon the 1991 assessment of  property shall be\nconsidered to be taxes levied and collected for fiscal year 1991-92.","path":["KRS Chapter 42"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=22048","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:02Z","sha256":"80079308428625c253e9a3e36260e2593f86cec8761314bbf1069067d0664e63","source_id":"us-ky","stale":false,"prev":"us-ky/krs-42.490","next":"us-ky/krs-42.500"},"notice":"GroundRules: Original legal text. Not legal advice."}