There is hereby imposed on all “financial institutions,” as defined in KRS 136.500(10) located within the corporate limits of the city, for the 1996 tax year and all subsequent years, a franchise tax at the rate of 0.025% on all deposits, as defined in KRS 136.575(2), maintained by such financial institutions.
(1992 Code, § 118.01) (Ord. 7-96, passed 7-16-1996)