{"data":{"id":"us-ky/krs-65.501","jurisdiction":"us-ky","citation":"KRS 65.501","heading":"Definitions for KRS 65.500 to 65.506.","body":"As used in KRS 65.500 to 65.506:\n(1) \"Affiliated\" means the following:\n(a) Members of a family, including brothers and sisters of the whole or half\nblood, spouse, parents, grandparents, ancestors, children, spouses of children,\ngrandchildren, spouses of grandchildren, and other lineal des cendants of an\nindividual;\n(b) An individual and a corporation, if more than ten percent (10%) in value of\nthe outstanding stock of which is owned, directly or indirectly, by or for that\nindividual;\n(c) An individual and a limited liability company or a pa rtnership, if more than\nten percent (10%) of the capital interest or profits are owned or controlled,\ndirectly or indirectly, by or for that individual; or\n(d) An individual and a trust, if the individual is a grantor, fiduciary, or\nbeneficiary of the trust;\n(2) \"Board\" means the board of the West End Opportunity Partnership;\n(3) \"CPI\" means the nonseasonally adjusted United States city average of the Consumer\nPrice Index for all urban consumers for all items, as released by the federal Bureau\nof Labor Statistics;\n(4) \"Development area\" means a region within a consolidated local government\nbounded by:\n(a) To the south, Algonquin Parkway to the South Seventh Street intersection, but\nincluding the unincorporated communities adjacent to Park Duvalle and\nAlgonquin:\n1. Beginning at the Ohio River, at the southwest corner of Chickasaw Park\nand then along the park's southern boundary to Southwestern Parkway;\n2. Southwestern Parkway south to Algonquin Parkway;\n3. Algonquin Parkway to South Forty-First Street;\n4. South Forty-First Street south to Bells Lane;\n5. Bells Lane east to Cane Run Road;\n6. Cane Run Road north to Linwood Avenue;\n7. Linwood Avenue east to Beech Street;\n8. Beech Street south to Wingfield Lane;\n9. Wingfield Lane east to Dixie Highway;\n10. Dixie Highway north to Algonquin Parkway; and\n11. Algonquin Parkway east to South Seventh Street;\n(b) To the east, South Seventh Street north to Ninth Street and Ninth Street north\nto the Ohio River; and\n(c) The Ohio River to the north and west;\n(5) \"Governing body\" means the body possessing legislative authority in a consolidated\nlocal government;\n(6) \"Incremental revenues\" means the amount of revenues received by:\n(a) A consolidated local government, determined by subtracting old revenues\nfrom new revenues in a calendar year with respect to the development area;\nand\n(b) The Commonwealth, determined by subtracting old revenues from new\nrevenues in a calendar year with respect to the development area;\n(7) (a) \"Local tax revenues\" means revenues derived by a conso lidated local\ngovernment from one (1) or more of the following sources:\n1. Real property ad valorem taxes, excluding any taxes not assessed while\na property is participating in an assessment or reassessment moratorium\nprogram under KRS 99.600; and\n2. Occupational license taxes; and\n(b) \"Local tax revenues\" does not mean revenues that have been pledged to\nsupport a tax increment financing project established under KRS 65.490 to\n65.499, 65.680 to 65.699, or 65.7041 to 65.7083 or an economic development\nproject within the development area;\n(8) \"New revenues\" means the amount of:\n(a) Local tax revenues received by a consolidated local government with respect\nto the development area in any calendar year beginning with the calendar year\ndescribed under KRS 65.504(1); and\n(b) State tax revenues received by the Commonwealth with respect to the\ndevelopment area in any calendar year beginning with the calendar year\ndescribed under KRS 65.504(1);\n(9) \"Old revenues\" means the amount of:\n(a) Local tax revenues received by  a consolidated local government with respect\nto the development area in any calendar year beginning with the calendar year\nimmediately preceding the calendar years described under KRS 65.504(1);\nand\n(b) State tax revenues received by the Commonwealth with  respect to the\ndevelopment area in any calendar year beginning with the calendar year\nimmediately preceding the calendar years described under KRS 65.504(1).\n\"Old revenues\" shall be adjusted annually to incorporate the percentage change in\nthe CPI. In the first calendar year of the calendar years described under KRS\n65.504(1), the calculated amount for the state tax revenues and the local tax\nrevenues shall be adjusted by multiplying each amount by the percentage change in\nthe CPI. For every calendar year thereafter until the expiration of the calendar years\ndescribed under KRS 65.504(1), the calculated amount for the state tax revenues\nand the local tax revenue s shall be the previous year's calculated amount multiplied\nby the percentage change in the CPI;\n(10) \"Percentage change in the CPI\" means the percentage of change in CPI from one (1)\nyear to the next based on averaging the twelve (12) consecutive months o f CPI data\nfor each of the two (2) immediately preceding calendar years and then using those\ntwo (2) averages to calculate a year-over-year percentage change; and\n(11) (a) \"State tax revenues\" means revenues received by the Commonwealth from\none (1) or more of the following sources:\n1. State real property ad valorem taxes, excluding any taxes not assessed\nwhile a property is participating in an assessment or reassessment\nmoratorium program under KRS 99.600;\n2. Individual income taxes required to be withheld  by an employer as\nrequired under KRS 141.310; and\n3. Sales taxes levied under KRS 139.200, excluding sales taxes already\npledged for:\na. Approved tourism attraction projects, as defined in KRS 148.851,\nwithin the development area; and\nb. Projects which ar e approved for sales tax refunds under\nSubchapter 20 of KRS Chapter 154 within the development area.\n(b) \"State tax revenues\" does not mean revenues that have been pledged to\nsupport a tax increment financing project established under KRS 65.490 to\n65.499, 65.680 to 65.699, or 65.7041 to 65.7083 or an economic development\nproject within the development area.","path":["KRS Chapter 65"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=51741","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:21Z","sha256":"4aef5487dca4373d83cd47d327a40c35fd1534368172f46272836d6d63813459","source_id":"us-ky","stale":false,"prev":"us-ky/krs-65.500","next":"us-ky/krs-65.502"},"notice":"GroundRules: Original legal text. Not legal advice."}