The portion of the assessed value of distilled spirits which equates to the percentage of the otherwise applicable tax rate that does not apply under KRS § 132.140(3) shall not be included in the calculation of the local effort required for Support Education Excellence in Kentucky or the tax rate-setting process in KRS Chapter 160.
Effective: March 31, 2023
History: Created 2023 Ky. Acts ch. 148, sec. 4, effective March 31, 2023.