<br><br>42.495 Effect of reduction of local general tax effort. <br>(1) If a qualifying local government unit reduces its general tax effort for any fiscal <br>year, below the level of fiscal year 1991-92, that governmental unit shall forfeit <br>funds that would otherwise be available under the provisions of KRS 42.450 to <br>42.495 on a dollar-for-dollar basis. <br>(2) For purposes of this section, "general tax effort" shall mean the total revenues raised <br>in fiscal year 1991-92 from the levy of all of the taxing district's taxes in fiscal year <br>1991-92. Taxes based upon the 1991 assessment of property shall be considered to <br>be taxes levied and collected for fiscal year 1991-92. <br>Effective: July 1, 1992 <br>History: Amended 1992 Ky. Acts ch. 107, sec. 11, effective July 1, 1992. -- Created <br>1980 Ky. Acts ch. 394, sec. 10, effective July 1, 1980. <br><br>