KY SB31 | 2021 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 5 2021 - 25% progression, died in committee
Action: 2021-01-05 - to Committee on Committees (S)
Pending: Senate Committee on Committees Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 5 2021 - 25% progression, died in committee
Action: 2021-01-05 - to Committee on Committees (S)
Pending: Senate Committee on Committees Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Propose to amend Section 170 of the Constitution of Kentucky to include in the homestead exemption for owners who are sixty-five years of age or older any increase in ad valorem taxes that are assessed after the latter of the year the owner turned sixty-five, the year the owner purchased the property, or the date this provision was ratified by the voters; 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.
Title
AN ACT proposing an amendment to Section 170 of the Constitution of Kentucky relating to property exempt from taxation.
Sponsors
Sen. Mike Nemes [R] |
History
Date | Chamber | Action |
---|---|---|
2021-01-05 | Senate | to Committee on Committees (S) |
2021-01-05 | Senate | introduced in Senate |
2020-08-25 | Senate | Prefiled by the sponsor(s). |