| Last Action | floor amendment (1) filed |
|---|---|
| Title | AN ACT relating to the property tax on unmined coal. |
| Bill Documents |
Bill
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| Impact Statements | Local Mandate |
| Bill Request Number | 1475 |
| Sponsors | F. Steele, S. Miles |
| Summary of Original Version | Amend KRS 132.820 to exempt unmined coal reserves from state and local property taxation if, on January 1 of any tax year, the owner or lessee of the reserve does not hold a valid permit from both the state and federal governments to mine coal from the reserve, and does not anticipate that coal will be mined from the reserve at any point during the tax year; amend KRS 131.190 to conform; make technical corrections; EFFECTIVE for property assessed on and after January 1, 2015. |
| Index Headings of Original Version |
Minerals and Mining - Property tax on unmined coal reserves, exempt certain reserves from state and local tax Real Estate - Property tax on unmined coal reserves, exempt certain reserves from state and local tax Taxation - Property tax on unmined coal reserves, exempt certain reserves from state and local tax Taxation, Property - Unmined coal reserves, exempt certain reserves from state and local tax Coal - Property tax on unmined coal reserves, exempt certain reserves from state and local tax Local Mandate - Unmined coal reserves, exempt certain reserves from state and local tax |
| Proposed Amendments | House Floor Amendment 1 |
| 02/06/15 |
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|---|---|
| 02/09/15 |
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| 03/02/15 |
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| Amendment | House Floor Amendment 1 |
|---|---|
| Sponsor | T. Couch |
| Summary | Expand the property tax exemption established by the Act to apply to unmined coal reserves if the owner or lessee of the reserve is in bankruptcy on January 1 of the given tax year. |
| Index Headings |
Minerals and Mining - Property tax on unmined coal reserves, exempt certain reserves from state and local tax Real Estate - Property tax on unmined coal reserves, exempt certain reserves from state and local tax Taxation - Property tax on unmined coal reserves, exempt certain reserves from state and local tax Taxation, Property - Unmined coal reserves, exempt certain reserves from state and local tax Coal - Property tax on unmined coal reserves, exempt certain reserves from state and local tax Local Mandate - Unmined coal reserves, exempt certain reserves from state and local tax |
Last updated: 1/16/2019 3:10 PM (EST)