67A.843 Referendum by voters in urban-county on question or question of levying taxes for purchase of development rights -- Contents of proposal to be voted upon.
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67A.843 Referendum by voters in urban-county on question or question of levying
taxes for purchase of development rights -- Contents of proposal to be voted <br>upon.
(1) An urban-county government is authorized to place before the public, via
referendum according to the procedure established in KRS 67A.847, the question of <br>whether to fund a purchase of development rights program by means of one (1) or <br>more of the following special tax levies which shall be in addition to all taxes <br>otherwise permitted by law in the urban-county: <br>(a) An ad valorem tax not to exceed five cents ($0.05) per one hundred dollars
($100) of assessed value upon all taxable property in the urban-county, subject <br>only to the aggregate limits on property taxes set forth in the Kentucky <br>Constitution, but not subject to the recall provisions of KRS 132.017;
(b) A license fee not to exceed one-eighth of one percent (0.125%) on franchises,
trades, occupations and professions in accordance with KRS 92.280(2), except <br>that no fee shall be collected from any individual who is not a resident of the <br>urban-county; and
(c) A transient room tax as defined in KRS 91A.390 not to exceed one percent
(1%) of rents.
(2) The proposal put before the voters shall set forth the following information:
(a) General descriptions of the types and locations of the properties from which
development rights may be purchased under the program; and in describing <br>the types of property, general descriptions such as "agricultural," <br>"agriculturally zoned," or "farm" shall be sufficient, and in indicating the <br>locations, general descriptions such as "northern section" and "eastern <br>quadrant" shall be sufficient; and
(b) The type, rate, and effective date, including the ending date if the levy is for a
specific duration, of the special tax levy, or levies, from among those <br>authorized in subsection (1) of this section, which is proposed to fund the <br>program.
Effective: July 15, 1998 <br>History: Created 1998 Ky. Acts ch. 372, sec. 3, effective July 15, 1998.
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