(A) Pursuant to Section 181 of the Constitution of the Commonwealth of Kentucky, the general laws thereof, and KRS 136.270 (3), and calculated as set forth therein, there is levied and assessed by the city for each July 1 through June 30 fiscal year, an ad valorem tax for General Fund and municipal purposes on each one hundred dollars ($100.00) of taxable fair cash value of bank or trust company stock of each bank or trust company located in the city as duly assessed by the County Property Valuation Administrator as provided in KRS 136.280.
(B) This tax shall be imposed at a rate determined by multiplying nineteen cents ($.19) by a fraction, the numerator of which is the fair cash value of shares of all banks or trust companies within the city and the denominator of which is the taxable fair cash value of shares of all banks or trust companies in the city.
(Ord. 261-81, passed 8-12-81; Am. Ord. 84-8-2, passed 9-12-84; Am. Ord. 85-8-13, passed 9-11-85; Am. Ord. 86-11-2, passed 11-26-86; Am. Ord. 88-9-2, passed 9-15-88; Am. Ord. 93-6-2, passed 6-23-93; Am. Ord. 94-6-2, passed 6-22-94; Am. Ord. 95-6-1, passed 6-28-95)