Last Action | signed by Governor (Acts, ch. 022) |
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Title | AN ACT relating to the valuation of motor vehicles for property tax purposes. |
Bill Documents |
Bill
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Impact Statements | Local Mandate |
Bill Request Number | 71 |
Sponsors | H. Collins, D. Floyd, K. Bratcher, M. Denham, M. Dossett, J. DuPlessis, C. Harris, C. Howard, C. Miller, R. Nelson, J. Richards, D. Schamore, K. Upchurch, R. Webber |
Summary of Original Version | Amend KRS 132.485 to clarify the standards for appraising the value of motor vehicles that are 20 years old or older for property tax purposes, by providing that no vehicle of said age shall be presumed to have been maintained or restored to either the original factory condition or any otherwise classic condition, and also by establishing the standard value of said vehicles; provide that the Act shall apply to motor vehicles assessed on or after January 1, 2016. |
Index Headings of Original Version |
Local Mandate - Property tax appraisal standards for older motor vehicles, amend and define standard value Motor Vehicles - Property tax appraisal standards for older motor vehicles, amend and define standard value Property Valuation Administrators - Valuation appraisal standards for older motor vehicles, amend and define standard value Taxation - Property tax appraisal standards for older motor vehicles, amend and define standard value Taxation, Property - Appraisal standards for older motor vehicles, amend and define standard value |
Proposed Amendments | Senate Committee Substitute 1 |
Votes | Vote History |
08/05/14 |
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11/12/14 |
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01/06/15 |
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02/06/15 |
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02/10/15 |
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02/11/15 |
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02/12/15 |
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02/13/15 |
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02/19/15 |
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03/04/15 |
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03/09/15 |
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03/10/15 |
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03/11/15 |
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03/19/15 |
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Amendment | Senate Committee Substitute 1 |
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Impact Statements | Local Mandate |
Summary | Retain original provisions, clarify that the follow-up assessment of a motor vehicle may be done in person if the vehicle is brought to the PVA office, or by a review of photographs or other documentation. |
Index Headings |
Local Mandate - Property tax appraisal standards for older motor vehicles, amend and define standard value Motor Vehicles - Property tax appraisal standards for older motor vehicles, amend and define standard value Property Valuation Administrators - Valuation appraisal standards for older motor vehicles, amend and define standard value Taxation - Property tax appraisal standards for older motor vehicles, amend and define standard value Taxation, Property - Appraisal standards for older motor vehicles, amend and define standard value |
Last updated: 1/16/2019 3:10 PM (EST)