Kentucky HB666 amends tax rate procedures for cities and urban-county governments.

Kentucky HB666 modifies the process for cities and urban-county governments to levy tax rates exceeding the compensating tax rate. It mandates public hearings and advertisements for proposed tax rates that exceed the compensating tax rate by more than four percent. The bill also requires the publication of detailed information about the proposed tax rate and its expected revenue. Additionally, it allows for the recall of tax rates exceeding the compensating tax rate by more than four percent.

Kentucky HB666 amends tax rate procedures for cities and urban-county governments.

Kentucky HB666 modifies the process for cities and urban-county governments to levy tax rates exceeding the compensating tax rate. It mandates public hearings and advertisements for proposed tax rates that exceed the compensating tax rate by more than four percent. The bill also requires the publication of detailed information about the proposed tax rate and its expected revenue. Additionally, it allows for the recall of tax rates exceeding the compensating tax rate by more than four percent.