Last Action | 03/11/20: posted in committee |
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Title | AN ACT relating to property taxes for veteran service organizations. |
Bill Documents | Introduced |
Fiscal Impact Statements |
Fiscal Note
Local Mandate |
Bill Request Number | 247 |
Sponsors | M. Koch, J. Blanton, T. Bojanowski, C. Booker, K. Bratcher, R. Brenda, G. Brown Jr, J. DuPlessis, D. Frazier, C. Freeland, C. Fugate, A. Gentry, J. Glenn, J. Gooch Jr., J. Graviss, D. Hale, M. Hart, S. Heavrin, K. Hinkle, D. Lewis, S. Lewis, C. Massey, B. McCool, M. Meredith, R. Palumbo, M. Prunty, R. Rothenburger, B. Rowland, D. Schamore, S. Sheldon, W. Thomas, R. Webber, S. Westrom, B. Wheatley, R. Wiederstein, L. Yates |
Summary of Original Version | Create a new section in KRS Chapter 132 to exempt veteran service organizations from ad valorem taxation if over fifty percent of the organization's annual net income is expended on behalf of veterans and other charitable causes; amend KRS 132.010 to define veteran service organization; apply to property assessed on or after January 1, 2021. |
Index Headings of Original Version |
Fiscal Note - Property tax, veteran service organization, exemption Local Mandate - Veteran service organization, property tax exemption Taxation - Property tax, veteran service organization, exemption Taxation, Property - Veteran service organization, exemption Veterans - Veteran service organization, property tax exemption |
08/16/19 |
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01/07/20 |
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01/09/20 |
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01/15/20 |
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01/16/20 |
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03/11/20 |
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Last updated: 10/27/2020 12:10 PM (EDT)
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