Last Action | 02/16/23: to Committee on Committees (H) |
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Title | AN ACT relating to a property tax installment payment program. |
Bill Documents | Introduced |
Fiscal Impact Statement | Local Mandate |
Bill Request Number | 291 |
Sponsors | L. Willner, J. Raymond |
Summary of Original Version | Create a new section in KRS Chapter 134 to establish a quarterly installment payment program; define terms; provide installment payment calculation guidelines; require specific property tax information be sent to the taxpayer through notifications or made accessible through an electronic system; allow an administrative fee up to three percent; disallow two percent discount for early payment of taxes if taxes paid under quarterly installment payment program; prohibit collection of penalties and interest on installment payments; require the Department of Revenue to promulgate administrative regulations; establish penalties for noncompliance; amend KRS 133.220 to require the sheriff or collector to include specific tax payment information on tax notices; amend KRS 134.015 to conform. |
Index Headings of Original Version |
Sheriffs - Property tax collection, installment payment program State Agencies - Department of Revenue, property taxes, installment payment program Taxation - Property taxes, installment payment program Taxation, Property - Installment payment program Attorney, County - Property taxes, installment payment program Cities - Property taxes, installment payment program Counties - Property taxes, installment payment program Local Mandate - Property taxes, installment payment program County Clerks - Property taxes, installment payment program Property Valuation Administrators - Property taxes, installment payment program |
02/16/23 |
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Last updated: 11/9/2023 3:03 PM (EST)