House Bill 130

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Last Action to Appropriations & Revenue (H)
Title AN ACT relating to the property tax on unmined coal.
Bill Documents Bill
Impact Statements Fiscal Note
Local Mandate
Bill Request Number 298
Sponsors J. Short, C. Howard, J. Bell, H. Collins, L. Combs, J. Gooch Jr., C. Harris, F. Steele
Summary of Original Version Amend KRS 132.820 to establish a standard value for unmined coal reserves that have not been mined during the 10-year period immediately preceding the assessment date, for purposes of the state and local property tax on unmined coal, setting the standard value thereof at zero unless information is available that warrants any deviation; require the Department of Revenue to publish an informational brochure explaining the basis of this tax, the valuation procedures used, and the procedure for taxpayers to follow to appeal assessments; amend KRS 131.190 to conform; make technical corrections; EFFECTIVE for property assessed on and after January 1, 2015.
Index Headings of Original Version Energy - Property tax on unmined coal, oil, gas, and other energy reserves, amend valuation procedures
Minerals and Mining - Property tax on unmined coal, oil, gas, and other energy reserves, amend valuation procedures
Oil and Natural Gas - Property tax on unmined coal, oil, gas, and other energy reserves, amend valuation procedures
Real Estate - Property tax on unmined coal, oil, gas, and other energy reserves, amend valuation procedures
Taxation - Property tax on unmined coal, oil, gas, and other energy reserves, amend valuation procedures
Taxation - Unmined coal property tax, standard value of certain reserves established
Taxation, Property - Unmined coal, oil, gas, and other energy reserves, amend tax valuation procedures
Administrative Regulations and Proceedings - Revenue, property tax on unmined minerals
Coal - Property tax on unmined coal, standard value of certain reserves established
Coal - Unmined coal property tax, standard value of certain reserves established
Fiscal Note - Unmined coal, oil, gas, and other energy reserves, amend tax valuation procedures

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01/06/15
  • introduced in House
01/08/15
  • to Appropriations & Revenue (H)


Last updated: 1/16/2019 3:10 PM (EST)