Kentucky House Bill 556 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on March 2 2020 - 25% progression, died in committee
Action: 2020-03-04 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]

Propose to amend Section 170 of the Constitution of Kentucky to increase the homestead exemption from the current inflation-adjusted amount of $39,300 to the full assessed value of the real property for owners who are 65 years of age or older; add the continued biennial inflation indexing of the homestead exemption amount; make various typographical changes of a nonsubstantive nature; provide ballot language; submit to voters for ratification or rejection; apply to property assessed on and after the January 1st immediately following the date of ratification.

AN ACT proposing an amendment to Section 170 of the Constitution of Kentucky relating to property exempt from taxation.

Rep. Robert Goforth [R]

Date	Chamber	Action
2020-03-04	House	to Appropriations & Revenue (H)
2020-03-02	House	introduced in House

Type	Source
Summary	https://apps.legislature.ky.gov/record/20RS/hb556.html
Text	https://apps.legislature.ky.gov/recorddocuments/bill/20RS/hb556/orig_bill.pdf
Supplement	https://apps.legislature.ky.gov/recorddocuments/note/20RS/hb556/LM.pdf
Supplement	https://apps.legislature.ky.gov/recorddocuments/note/20RS/hb556/FN.pdf