Kentucky Statutes 160.475 – Ad valorem tax levy for school purposes — Maximum rates — Subdistrict taxes abolished
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(1) Except as otherwise provided in KRS § 157.440, 160.470(1), and 160.476(4), the ad valorem tax levy for school purposes, other than sinking fund purposes, in each school district, shall be not more than one dollar and fifty cents ($1.50) annually on each one hundred dollars ($100) of property subject to local taxation.
(2) All existing subdistrict school tax levies, except those required to retire voted bonds, are hereby abolished.
Effective: July 14, 2000
History: Amended 2000 Ky. Acts ch. 389, sec. 12, effective July 14, 2000. — Amended
1996 Ky. Acts ch. 87, sec. 5, effective July 15, 1996. — Amended 1990 Ky. Acts ch.
476, Pt. III, sec. 111, effective July 13, 1990. — Amended 1976 Ky. Acts ch. 93, sec.
17, effective January 1, 1977. — Amended 1974 Ky. Acts ch. 316, sec. 3; and ch.
386, sec. 30. — Created 1946 Ky. Acts ch. 36, secs. 1 (1), (2) and 2.
(2) All existing subdistrict school tax levies, except those required to retire voted bonds, are hereby abolished.
Effective: July 14, 2000
History: Amended 2000 Ky. Acts ch. 389, sec. 12, effective July 14, 2000. — Amended
1996 Ky. Acts ch. 87, sec. 5, effective July 15, 1996. — Amended 1990 Ky. Acts ch.
476, Pt. III, sec. 111, effective July 13, 1990. — Amended 1976 Ky. Acts ch. 93, sec.
17, effective January 1, 1977. — Amended 1974 Ky. Acts ch. 316, sec. 3; and ch.
386, sec. 30. — Created 1946 Ky. Acts ch. 36, secs. 1 (1), (2) and 2.