AN ACT relating to property tax.
     Amend KRS 134.810 to provide that when a motor vehicle has been transferred before registration renewal, the owner on January 1 of any year shall be liable for the taxes on the motor vehicle based on a fraction, the numerator of which is the number of days in the tax period in which the motor vehicle was owned and the denominator of which is 365; provide that the purchaser shall be liable for the remainder of the taxes on the motor vehicles; apply to motor vehicles assessed on or after January 1, 2004.

     (Prefiled by the sponsor(s))

     Jan 7-introduced in House; to Appropriations and Revenue (H)