Pursuant to KRS Chapter 136, there is hereby imposed on each financial institution, as defined in § 40.51, located within the jurisdiction of the county, a franchise tax measured by the deposits in such institutions. All moneys collected pursuant to this subchapter shall be paid into the General Fund of the county to be used for the payment of proper expenditures as determined by the Fiscal Court.
(Ord. 07-96-03, passed 7-30-96; Am. Ord. 10-96-01, passed 10-29-96)