There is imposed on all financial institutions, as defined by KRS Ch. 136, located within the corporate limits of the city, for the 1996 tax year and all subsequent years, a franchise tax at the rate of 0.020% on all deposits, as defined in KRS Ch. 136, maintained by such financial institutions.
(1993 Code, § 3.20.010) (Ord. 91-19-08, passed - -)