KY HB195 | 2016 | Regular Session
Status
Spectrum: Moderate Partisan Bill (Democrat 9-2)
Status: Introduced on January 7 2016 - 25% progression, died in chamber
Action: 2016-01-11 - to Natural Resources & Environment (H)
Text: Latest bill text (Draft #1) [PDF]
Status: Introduced on January 7 2016 - 25% progression, died in chamber
Action: 2016-01-11 - to Natural Resources & Environment (H)
Text: Latest bill text (Draft #1) [PDF]
Summary
Amend KRS 132.820 to establish a standard value for unmined coal reserves that have not been mined during the 10-year period immediately preceding the assessment date, for purposes of the state and local property taxes on unmined coal assessed on and after January 1, 2017, setting the standard value thereof at zero unless information is available that warrants any deviation; require the Department of Revenue to publish an informational brochure explaining the basis of this tax, the valuation procedures used, and the procedure for taxpayers to follow to appeal assessments; amend KRS 131.190 to conform; make technical corrections.
Title
AN ACT relating to the property tax on unmined coal.
Sponsors
Rep. John Short [D] | Rep. Cluster Howard [D] | Rep. Rocky Adkins [D] | Rep. Hubert Collins [D] |
Rep. Leslie Combs [D] | Rep. Tim Couch [R] | Rep. Jim Gooch [R] | Rep. Chris Harris [D] |
Rep. Russ Meyer [D] | Rep. Fitz Steele [D] | Rep. Thomas Thompson [D] |
History
Date | Chamber | Action |
---|---|---|
2016-01-11 | House | to Natural Resources & Environment (H) |
2016-01-07 | House | introduced in House |
Kentucky State Sources
Type | Source |
---|---|
Summary | http://www.lrc.ky.gov/record/16RS/HB195.htm |
Text | http://www.lrc.ky.gov/record/16RS/HB195/bill.pdf |