House Bill 556

Actions
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

Actions

Top
03/02/20
  • introduced in House
03/04/20
  • to Appropriations & Revenue (H)


Last updated: 4/29/2020 12:16 PM (EDT)
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