Kentucky Revised Statutes Title IX. Counties, Cities, and Other Local Units § 65.501.Definitions for KRS 65.500 to 65.506

(a) Members of a family, including brothers and sisters of the whole or half blood, spouse, parents, grandparents, ancestors, children, spouses of children, grandchildren, spouses of grandchildren, and other lineal descendants of an individual;

(b) An individual and a corporation, if more than ten percent (10%) in value of the outstanding stock of which is owned, directly or indirectly, by or for that individual;

(c) An individual and a limited liability company or a partnership, if more than ten percent (10%) of the capital interest or profits are owned or controlled, directly or indirectly, by or for that individual; or

(d) An individual and a trust, if the individual is a grantor, fiduciary, or beneficiary of the trust;

(a) To the south, Algonquin Parkway to the South Seventh Street intersection, but including the unincorporated communities adjacent to Park Duvalle and Algonquin:

(b) To the east, South Seventh Street north to Ninth Street and Ninth Street north to the Ohio River; and

(c) The Ohio River to the north and west;

(a) A consolidated local government, determined by subtracting old revenues from new revenues in a calendar year with respect to the development area; and

(b) The Commonwealth, determined by subtracting old revenues from new revenues in a calendar year with respect to the development area;

(7)(a) “Local tax revenues” means revenues derived by a consolidated local government from one (1) or more of the following sources:

(b) “Local tax revenues” does not mean revenues that have been pledged to support a tax increment financing project established under KRS 65.490 to 65.499, 65.680 to 65.699, or 65.7041 to 65.7083 or an economic development project within the development area;

(a) Local tax revenues received by a consolidated local government with respect to the development area in any calendar year beginning with the calendar year described under KRS 65.504(1); and

(b) State tax revenues received by the Commonwealth with respect to the development area in any calendar year beginning with the calendar year described under KRS 65.504(1);

(a) Local tax revenues received by a consolidated local government with respect to the development area in any calendar year beginning with the calendar year immediately preceding the calendar years described under KRS 65.504(1);

(b) State tax revenues received by the Commonwealth with respect to the development area in any calendar year beginning with the calendar year immediately preceding the calendar years described under KRS 65.504(1); and

“Old revenues” shall be adjusted annually to incorporate the percentage change in the CPI. In the first calendar year of the calendar years described under KRS 65.504(1), the calculated amount for the state tax revenues and the local tax revenues shall be adjusted by multiplying each amount by the percentage change in the CPI. For every calendar year thereafter until the expiration of the calendar years described under KRS 65.504(1), the calculated amount for the state tax revenues and the local tax revenues shall be the previous year's calculated amount multiplied by the percentage change in the CPI;

(11)(a) “State tax revenues” means revenues received by the Commonwealth from one (1) or more of the following sources:

(b) “State tax revenues” does not mean revenues that have been pledged to support a tax increment financing project established under KRS 65.490 to 65.499, 65.680 to 65.699, or 65.7041 to 65.7083 or an economic development project within the development area.