KY HB37 | 2015 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 6 2015 - 25% progression, died in committee
Action: 2015-01-06 - to Transportation (H)
Pending: House Transportation Committee
Text: Latest bill text (Draft #1) [MS Word]

Summary

Amend KRS 132.485 to clarify the standards for appraising the value of motor vehicles that are 20 years old or older for property tax purposes, by providing that no vehicle of that age shall be presumed to have been maintained or restored to either the original factory condition or any otherwise classic condition, and also by establishing the standard value of those vehicles; provide that the Act shall apply to motor vehicles assessed on or after January 1, 2016.

Tracking Information

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Title

AN ACT relating to the valuation of motor vehicles for property tax purposes.

Sponsors


History

DateChamberAction
2015-01-06Houseto Transportation (H)
2015-01-06Houseintroduced in House
2015-11-12HouseTo: Interim Joint Committee on Transportation

Kentucky State Sources


Bill Comments

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