Kentucky SB 76: AN ACT relating to the Department of the Treasury and declaring an emergency. Amend KRS 393.250 to allow all expenses for the operation of the Treasury Department to be paid out of the abandoned property fund; EMERGENCY.

Bill Text

UNOFFICIAL COPY 26 RS SB 76/GA
Page 1 of 1
SB007610.100 - 1569 - XXXX 1/23/2026 10:20 AM GA
AN ACT relating to local occupational license fees and taxes. 1
Be it enacted by the General Assembly of the Commonwealth of Kentucky: 2
Section 1. KRS 160.607 is amended to read as follows: 3
(1) The school tax authorized by KRS 160.482 to 160.488 and 160.605 shall be at a 4
single uniform rate not to exceed one-half of one percent (0.5%) and shall continue 5
from year to year until changed as prescribed in KRS 160.635 and 160.484. 6
(2) Any county having five[three] hundred thousand (500,000)[(300,000)] or more 7
inhabitants is authorized to increase the school tax rate to exceed the maximum set 8
in subsection (1) of this section by one-quarter of one percent (0.25%). 9
Section 2. This Act takes effect August 1, 2026. 10