§ 67.793

67.793 Tax district may levy one -time tax rate. Notwithstanding the maximum tax rates in KRS 68.180, 68.197, and 91.200, a tax district which levies a tax on net profits may levy a tax rate that would generate approximately the same amount of revenues as the prior year plus normal revenue growth experie nced by the tax district over the prior five (5) years. A tax district may invoke the provisions of this section only once. Effective: June 24, 2003 History: Created 2003 Ky. Acts ch. 117, sec. 23, effective June 24, 2003.