| 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 |
| 01/06/15 |
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|---|---|
| 01/08/15 |
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Last updated: 1/16/2019 3:10 PM (EST)