Ky. Rev. Stat. Ann. § 153.460 – Levy of surcharge on tickets and on restaurant gross receipts by county containing city of first class or consolidated local government.

(1) As used in this section:
1. (a)
2. (b) "Multipurpose arena" means a facility whose principal use includes but is not limited to the exhibition of collegiate basketball competition; "Restaurant" means any facility operated for profit which has minimum seating capacity of fifty (50) people at tables and which receives less than fifty percent (50%) of its annual food and beverage income from the sale of alcohol.
(2) Fiscal courts in counties containing cities of the first class or consolidated local governments may levy:
1. (a) A ten percent (10%) surcharge on all tickets sold by a multipurpose arena located in the county and constructed after April 9, 1980; and
2. (b) A one-fourth of one percent (0.25%) tax on gross receipts from the sale of food and beverages of all restaurants located in the county.
(3) All moneys collected from the surcharge on tickets and the restaurant tax shall be placed in a fund to be used to defray operating expenses of any such multipurpose arena.

Effective: July 12, 2012

History: Amended 2012 Ky. Acts ch. 125, sec. 5, effective July 12, 2012. -- Amended 2002 Ky. Acts ch. 346, sec. 174, effective July 15, 2002. -- Created 1980 Ky. Acts ch. 382, sec. 8, effective April 9, 1980.