Summary of Original Version

Amend KRS 75.040 to increase the maximum property tax rate that can be levied by a fire protection district or a volunteer fire department district; limit any increase in the total tax levy beyond the initially approved levy to two cents per $100 of assessed valuation a year; require a public hearing and notification to the public for rate levy; exempt the rates from the provisions of KRS 132.023; amend KRS 75A.050 to increase the maximum property tax rate that can be levied by a district that provides fire services, emergency medical services, and rescue services; limit any increase in the total tax levy beyond the initially approved levy to two cents per $100 of assessed valuation a year; require a public hearing and notification to the public for rate levy; exempt tax increases from the provisions of KRS 132.023; EFFECTIVE January 1, 2026.

Statutes affected:
Introduced: 75.040, 75A.050