21RS HB 274

Actions

Last Action	01/13/21: to Committee on Committees (H)
Title	AN ACT relating to the valuation of motor vehicles for property tax purposes.
Bill Documents	Introduced
Fiscal Impact Statement	Local Mandate
Bill Request Number	1280
Sponsor	P. Flannery
Summary of Original Version	Amend KRS 132.485 to clarify that the "rough trade-in" value or "clean trade-in" value shall not be used to determine the standard value of a motor vehicle; effective January 1, 2022.
Index Headings of Original Version	Effective Dates, Delayed - Valuation standards for used motor vehicle, effective January 1, 2022 Motor Vehicles - Valuation standards for used motor vehicle, clarification Property Valuation Administrators - Valuation standards for used motor vehicle, clarification Taxation, Property - Valuation standards for used motor vehicle, clarification Local Government - Valuation standards for used motor vehicle, clarification