KY SB31 | 2021 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 5 2021 - 25% progression
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.

Tracking Information

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Title

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

Sponsors


History

DateChamberAction
2021-01-05Senateto Committee on Committees (S)
2021-01-05Senateintroduced in Senate
2020-08-25SenatePrefiled by the sponsor(s).

Subjects


Kentucky State Sources


Bill Comments

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