There is hereby imposed on all financial institutions as defined in KRS Chapter 136, located within the corporate limits of the city for the 2011 tax year and all subsequent years, a franchise tax at the rate of 0.000250 on all deposits, as defined in KRS Chapter 136, maintained by such financial institutions.
(Ord. 96-04, passed 11--96; Am. Ord. 11-06, passed 5-24-11)