KRS 132.024 — Limits for special purpose governmental entities on personal property tax rate

(1) If the tax rate applicable to real property levied by a special purpose governmental
entity will produce a percentage increase in revenue from personal property less
than the percentage increase in revenue from real property, the special purpose
governmental entity may levy a tax rate applicable to personal property which will
produce the same percentage increase in revenue from personal property as the
percentage increase in revenue from real property.
(2) The tax rate applicable to personal property levied by a special purpose
governmental entity under the provisions of subsection (1) of this section shall not
be subject to the public hearing provisions of KRS 132.023( 2) and to the recall
provisions of KRS 132.023(3).