KY HB61 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 2 2024 - 25% progression
Action: 2024-01-02 - to Committee on Committees (H)
Pending: House Committee On Committees Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 2 2024 - 25% progression
Action: 2024-01-02 - to Committee on Committees (H)
Pending: House Committee On Committees Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amend KRS 132.810 to remove the requirement that the homestead exemption be construed to mean $6,500 in terms of the purchasing power of the dollar in 1972 and the cost-of-living indexing requirement; require the amount of the homestead exemption to be 50% of the first $250,000 in assessed value for qualifying real property; EFFECTIVE only upon the ratification by voters of an amendment to Section 170 of the Kentucky Constitution.
Title
AN ACT relating to the property tax homestead exemption.
Sponsors
| Rep. Ryan Dotson [R] | Rep. Thomas Huff [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-01-02 | House | to Committee on Committees (H) |
| 2024-01-02 | House | introduced in House |
Subjects
Aged Persons and Aging
Disabilities and the Disabled
Effective Dates, Delayed
Fiscal Note
Local Mandate
Taxation
Taxation, Property
Disabilities and the Disabled
Effective Dates, Delayed
Fiscal Note
Local Mandate
Taxation
Taxation, Property
