24RS HB 111

House Bill 111

Actions

Last Action	01/03/24: to Committee on Committees (H)
Title	AN ACT proposing an amendment to Section 170 of the Constitution of Kentucky relating to property exempt from taxation.
Bill Documents	Introduced
Fiscal Impact Statement	Local Mandate
Bill Request Number	933
Sponsor	T. Huff
Summary of Original Version	Propose to amend Section 170 of the Constitution of Kentucky to include in the homestead exemption for owners who are 65 years of age or older any increase in the valuation of the real property that is assessed after the later of the year the owner turned 65 or the year the owner purchased the property; apply the exemption to increases in valuation that occur after the date the amendment is ratified by the voters; provide ballot language; submit to voters for ratification or rejection.
Index Headings of Original Version	County Clerks - Constitutional amendment, homestead exemption for owners 65 or older, ballot language Elections and Voting - Constitutional amendment, homestead exemption for owners 65 or older, ballot language Secretary of State - Constitutional amendment, homestead exemption for owners 65 or older, ballot language Taxation, Property - Homestead exemption, owners who are 65 or older, proposed constitutional amendment Aged Persons and Aging - Property tax, homestead exemption, owners who are 65 or older, proposed constitutional amendment Constitution, Ky. - Property tax, homestead exemption, owners who are 65 or older, proposed constitutional amendment Taxation - Property tax, homestead exemption, owners who are 65 or older, proposed constitutional amendment Local Mandate - Homestead exemption, owners who are 65 or older, proposed constitutional amendment