House Bill 503

Actions
Last Action 02/21/25: to Elections, Const. Amendments & Intergovernmental Affairs (H)
Title AN ACT proposing to create a new section of the Constitution of Kentucky relating to property exempt from taxation.
Bill Documents Introduced
Fiscal Impact Statement Local Mandate
Bill Request Number 1472
Sponsor W. Lawrence
Summary of Original Version Propose to create a new section of the Constitution of Kentucky to exempt from state and local property taxes real property maintained as the permanent residence of an owner who is an active-duty member or honorably discharged veteran of the United States Armed Forces, the United States Reserve Forces, or the Kentucky National Guard; require the owner to file paperwork with the local assessor to receive the exemption; provide that the exemptions supersede contrary provisions of Sections 170, 171, 172, and 174 of the Constitution of Kentucky; apply the exemptions to property assessed on or after January 1, 2027; provide ballot language; submit to voters for ratification or rejection.
Index Headings of Original Version County Clerks - Constitutional amendment, property tax exemption, active-duty military and veterans, ballot language
Elections and Voting - Constitutional amendment, property tax exemption, active-duty military and veterans
Military Affairs and Civil Defense - Property tax, exemption, active-duty military and veterans, proposed constitutional amendment
Property - Property tax, exemption, active-duty military and veterans, proposed constitutional amendment
Property Valuation Administrators - Constitutional amendment, property tax exemption, active-duty military and veterans
Secretary of State - Property tax, exemption, active-duty military and veterans, proposed constitutional amendment
Taxation - Property tax, exemption, active-duty military and veterans, proposed constitutional amendment
Taxation, Property - Active-duty military and veterans, primary residence, exemption, proposed constitutional amendment
Veterans - Property tax exemption, proposed constitutional amendment
Constitution, Ky. - Property tax, exemption, active-duty military and veterans, proposed constitutional amendment
Local Mandate - Constitutional amendment, property tax exemption, active-duty military and veterans

Actions

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02/13/25
  • introduced in House
  • to Committee on Committees (H)
02/21/25
  • to Elections, Const. Amendments & Intergovernmental Affairs (H)


Last updated: 2/21/2025 4:29 PM (EST)