| Last Action | 03/04/20: to Appropriations & Revenue (H) |
|---|---|
| Title | AN ACT proposing an amendment to Section 170 of the Constitution of Kentucky relating to property exempt from taxation. |
| Bill Documents | Introduced |
| Fiscal Impact Statements |
Fiscal Note
Local Mandate |
| Bill Request Number | 1838 |
| Sponsor | R. Goforth |
| Summary of Original Version | Propose to amend Section 170 of the Constitution of Kentucky to increase the homestead exemption from the current inflation-adjusted amount of $39,300 to the full assessed value of the real property for owners who are 65 years of age or older; add the continued biennial inflation indexing of the homestead exemption amount; make various typographical changes of a nonsubstantive nature; provide ballot language; submit to voters for ratification or rejection; apply to property assessed on and after the January 1st immediately following the date of ratification. |
| Index Headings of Original Version |
Taxation - Property tax, homestead exemption, owners who are 65 or older, proposed constitutional amendment Taxation, Property - Homestead exemption, owners who are 65 or older, proposed constitutional amendment Aged Persons and Aging - Property tax, homestead exemption, owners who are 65 or older, proposed constitutional amendment Constitution, Ky. - Property tax, homestead exemption, owners who are 65 or older, proposed constitutional amendment Fiscal Note - Homestead exemption, owners who are 65 or older, proposed constitutional amendment Local Mandate - Homestead exemption, owners who are 65 or older, proposed constitutional amendment |
| 03/02/20 |
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| 03/04/20 |
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Last updated: 10/27/2020 12:10 PM (EDT)
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