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]
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.
Title
AN ACT relating to the valuation of motor vehicles for property tax purposes.
Sponsors
| Rep. David Floyd [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2015-01-06 | House | to Transportation (H) |
| 2015-01-06 | House | introduced in House |
| 2015-11-12 | House | To: Interim Joint Committee on Transportation |
Kentucky State Sources
| Type | Source |
|---|---|
| Summary | http://www.lrc.ky.gov/record/15RS/HB37.htm |
| Text | http://www.lrc.ky.gov/record/15RS/HB37/bill.doc |
| Supplement | http://www.lrc.ky.gov/record/15RS/HB37/LM.doc |
