§ 119.01 IMPOSITION OF TAX.

There is hereby imposed on all financial institutions, as defined in KRS 136.500, located within the City of Walton, Kentucky for the 1996 tax year and all subsequent tax years, a franchise tax at the rate of 0.025% on all deposits, as defined in KRS 136.575 maintained by such financial institutions.

(Ord. 1996-12, passed 8-9-96)

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