KY HB112 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 3 2024 - 25% progression
Action: 2024-03-05 - floor amendment (1) filed
Pending: House Committee On Committees Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 3 2024 - 25% progression
Action: 2024-03-05 - floor amendment (1) filed
Pending: House Committee On Committees Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amend KRS 132.810 to require the assessed value of property qualifying for the homestead exemption with an owner who is 65 years of age or older be assessed at a value that is equal to or less than the value of the property in the year the owner turns 65 or the year the owner purchased the property, whichever occurs later; apply to property assessed on or after January 1, 2025.
Title
AN ACT relating to the valuation of real property for tax purposes.
Sponsors
| Rep. Thomas Huff [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-03-05 | House | floor amendment (1) filed |
| 2024-01-03 | House | to Committee on Committees (H) |
| 2024-01-03 | House | introduced in House |
