KY HB111 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 3 2024 - 25% progression, died in committee
Action: 2024-01-03 - to Committee on Committees (H)
Pending: House Committee On Committees Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 3 2024 - 25% progression, died in committee
Action: 2024-01-03 - to Committee on Committees (H)
Pending: House Committee On Committees Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Propose to amend Section 170 of the Constitution of Kentucky to include in the homestead exemption for owners who are 65 years of age or older any increase in the valuation of the real property that is assessed after the later of the year the owner turned 65 or the year the owner purchased the property; apply the exemption to increases in valuation that occur after the date the amendment is ratified by the voters; provide ballot language; submit to voters for ratification or rejection.
Title
AN ACT proposing an amendment to Section 170 of the Constitution of Kentucky relating to property exempt from taxation.
Sponsors
Rep. Thomas Huff [R] |
History
Date | Chamber | Action |
---|---|---|
2024-01-03 | House | to Committee on Committees (H) |
2024-01-03 | House | introduced in House |
Subjects
Aged Persons and Aging
Constitution, Ky.
County Clerks
Elections and Voting
Local Mandate
Secretary of State
Taxation
Taxation, Property
Constitution, Ky.
County Clerks
Elections and Voting
Local Mandate
Secretary of State
Taxation
Taxation, Property