KRS § 91A.392 — KY Code / Title IX / Chapter 91A / Section 91A.392
91A.392 Levy of additional transient room tax by consolidated local government or county containing an authorized city -- Exceptions -- Application of money collected from the tax -- Required repeal of tax upon retirement of bonds
Status: in_force

91A.392 Levy of additional transient room tax by consolidated local government or

county containing an authorized city -- Exceptions -- Application of money

collected from the tax -- Required repeal of tax upon retirement of bonds.

(1) In addition to the three percent (3%) transient room tax authorized by KRS

91A.390(1)(b), and the one percent (1%) transient room tax authorized by KRS

153.440, a consolidated local government, or the fiscal court in a county containing

an authorized city, except those counties that are included in a multicounty tourist

and convention commission under KRS 91A.350, may levy an additional transient

room tax not to exceed two percent (2%) of the rent for every occupancy of a suite,

room, rooms, cabin, lodgings, campsites, or other accommodations charged by any

hotel, motel, inn, tourist camp, tourist cabin, campgrounds, recreational vehicle

parks, or other place in which accommodations are regularly furnished to transients

for a consideration or by any person that facilitates the rental of the

accommodations by brokering, coordinating, or in any other way arranging for the

rental of the accommodations for consideration.

(2) The taxes imposed under this section shall not apply to rooms, lodgings, campsites,

or accommodations supplied for a continuous period of thirty (30) days or more to a

person.

(3) (a) Except as otherwise provided in paragraph (b) of this subsection, all money

collected from the tax authorized by this section shall be applied toward the

retirement of bonds issued pursuant to KRS 91A.390(8) to finance in part the

expansion or construction or operation of a governmental or nonprofit

convention center or fine arts center useful to the promotion of tourism

located in the central business district of the consolidated local government or

the authorized city located in the county.

(b) 1. This paragraph shall apply to the tax levied pursuant to this section,

prior to July 1, 2015, by a fiscal court of a county having a population

between seventy-five thousand (75,000) and one hundred thousand

(100,000) based on the 2010 federal decennial census.

2. When, in any fiscal year, the money collected from the tax authorized by

this section exceeds the amount required to satisfy the annual debt

service for the bond for that fiscal year, all or a portion of the excess

amount collected for that fiscal year may be used to defray the costs to

operate, renovate, or expand the governmental or nonprofit convention

center or fine arts center described in paragraph (a) of this subsection, if

an amount equal to one (1) year's required debt service is held in reserve

to satisfy any future debt service obligations of the bond.

(4) After the retirement of the bonds provided for in this section, the additional

transient room tax levied pursuant to this section shall be void, and the consolidated

local government or fiscal court shall take action to repeal the ordinance which

levied the tax.

(5) As used in this section, "authorized city" means a city of the first class and a city

included on the registry maintained by the Department for Local Government under

subsection (6) of this section.

(6) On or before January 1, 2015, the Department for Local Government shall create

and maintain a registry of cities that, as of August 1, 2014, were classified as cities

of the second class. The Department for Local Government shall make the

information included on the registry available to the public by publishing it on its

Web site.