(1) Except as provided in KRS § 132.487, the legislative body of an urban-county government and each city of the home rule class shall provide each year, by ordinance, for the assessment of all real and personal property within the corporate limits that is subject to taxation for urban-county government or city purposes, and shall levy an ad valorem tax thereon for those purposes.
(2) The legislative body of an urban-county government and each city of the home rule class may impose license fees on stock used for breeding purposes, and on franchises, trades, occupations, and professions, and may provide for the collection of such fees.
Effective: January 1, 2015
History: Amended 2014 Ky. Acts ch. 92, sec. 95, effective January 1, 2015. — Amended 1984 Ky. Acts ch. 54, sec. 11, effective January 1, 1985. — Amended 1974
Ky. Acts ch. 386, sec. 16. — Amended 1946 Ky. Acts ch. 184, sec. 1. — Recodified
1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 3174,
3290-1, 3290-12, 3490-2, 3490-3, 3637-2, 3637-3, 3637-4, 3704-2, 3704-3, 4281u-
1.