<br><br> <br>Page 1 of 1 <br>68.604 Organization of taxing district under KRS 68.602 -- Ad valorem tax and <br>occupational license tax. <br>(1) Districts shall be organized under the procedures of KRS 68.602. <br>(2) A district created under KRS 68.602 shall constitute a taxing district within the <br>meaning of Section 157 of the Constitution of Kentucky. <br>(3) A special ad valorem tax and an occupational license tax may be imposed for the <br>establishment, maintenance, and operation of the governmental services provided to <br>the district. <br>(a) The ad valorem tax levied shall not exceed ten cents ($0.10) per one hundred <br>dollars ($100) of the assessed valuation of all property in the district. <br>(b) The occupational license tax may be assessed after the approval of the fiscal <br>court of the county in which the district is located under the provisions of <br>KRS 68.178, 68.180, 68.185, 68.190, 68.195, 68.197, 68.198, 68.200, and <br>68.202, as may be amended from time to time. <br>(4) All special ad valorem taxes and occupational license taxes authorized by KRS <br>65.180, 65.182, and 68.600 to 68.606 shall be collected in the same manner as are <br>other county ad valorem taxes and occupational license taxes in each county <br>affected and shall be turned over to the board, or to the fiscal court if there is no <br>board. The special ad valorem tax shall be in addition to all other ad valorem taxes. <br>Effective: July 15, 2002 <br>History: Created 2002 Ky. Acts ch. 361, sec. 9, effective July 15, 2002. <br><br>