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SB 323/FN (BR 2733) - B. Bailey
AN ACT relating to the taxation of property.
Amend KRS 132.820 and 136.120 to provide for quadrennial review in the unmined minerals and public service property tax areas.
SB 323 - AMENDMENTS
SCA (1/P, B. Bailey) - Amend to provide if upon review of unmined coal or other minerals, the cabinet shall give notice of revised assessment to the taxpayer as provided under KRS 131.110 within 5 years after the due date of the return if the assessment or the amount of taxes due should be increased due to revaluation or reclassification.
HFA (1, M. Treesh) - Amend to remove the 5 year "look back" of unmined minerals values by the Revenue Cabinet.
HFA (2, M. Treesh) - Amend KRS 132.010, 132.820, and create a new section of KRS Chapter 132 to not require separate assessment of unmined minerals when the mineral rights are owned by the surface owner and the agricultural value of the land exceeds the value of the underlying mineral.
HFA (3, G. Stumbo) - Create a new section of KRS Chapter 48 to permit the Governor to declare an emergency and administer the government with public funds not to exceed appropriations provided for the immediately preceding fiscal year if a general appropriations bill is not enacted; restrict authorization to maximum of one fiscal year; require investment of revenues received in excess of appropriation.
HFA (4, G. Stumbo) - Create a new section of KRS Chapter 48 to permit the Legislative Research Commission to declare an emergency and administer the legislative branch of government with public funds not to exceed appropriations provided for the immediately preceding fiscal year if general appropriations bill for the legislative branch is not enacted; permit the Chief Justice to declare an emergency and administer the judicial branch of government with public funds not to exceed appropriations provided for the immediately preceding fiscal year if general appropriations bill for the judicial branch is not enacted; restrict authorizations to maximum of one fiscal year; require investment of revenues received in excess of appropriations.
HFA (5/Title, G. Stumbo) - Change title to AN ACT relating to state government.
Feb 25-introduced in Senate
Feb 29-to Appropriations and Revenue (S)
Mar 14-reported favorably, 1st reading, to Consent Calendar with committee amendment (1)
Mar 15-2nd reading, to Rules; posted for passage in the Consent Orders of the Day for Thursday, March 16, 2000
Mar 16-3rd reading, passed 35-1 with committee amendment (1)
Mar 17-received in House
Mar 20-to Appropriations and Revenue (H)
Mar 22-posting waived
Mar 23-reported favorably, 1st reading, to Calendar
Mar 24-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Monday, March 27, 2000; floor amendments (1) and (2) filed
Mar 27-3rd reading; floor amendment (1) adopted ; defeated 47-49
Mar 28-bill reconsidered; placed in the Orders of the Day
Mar 29-floor amendments (3) (4) and (5-title) filed ; passed 56-33
Apr 11-received in Senate; enrolled, signed by each presiding officer, delivered to Governor
Apr 21-signed by Governor (Acts ch. 446)
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