Section 160.475 - Ad valorem tax levy for school purposes - Maximum rates - Subdistrict taxes abolished(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:7/14/2000
Amended 2000, Ky. Acts ch. 389, sec. 12, effective7/14/2000. -- Amended 1996, Ky. Acts ch. 87, sec. 5, effective 7/15/1996. -- Amended 1990 Ky. Acts ch. 476, Pt. III, sec. 111, effective 7/13/1990. -- Amended 1976 Ky. Acts ch. 93, sec. 17, effective 1/1/1977. -- 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.