| Title | AN ACT proposing an amendment to Section 170 of the Constitution of Kentucky relating to property exempt from taxation. |
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| Bill Documents | Original |
| Sponsors | M. Nemes |
| Summary of Original Version | Propose to amend Section 170 of the Constitution of Kentucky to include in the homestead exemption for owners who are sixty-five years of age or older any increase in ad valorem taxes that are assessed after the latter of the year the owner turned sixty-five, the year the owner purchased the property, or the date this provision was ratified by the voters; 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 |
Constitution, Ky. - Property tax, homestead exemption, owners who are 65 or older, proposed constitutional amendment 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 |
| 08/25/20 | Prefiled by the sponsor(s). |
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Last updated: 1/4/2021 4:38 PM (EST)
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