| Last Action | 01/05/21: to Committee on Committees (S) |
|---|---|
| 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 Statement | Local Mandate |
| Bill Request Number | 226 |
| Sponsor | 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 of Original Version |
Taxation - Property tax, homestead exemption, owners who are 65 or older, proposed constitutional amendment Local Mandate - 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 |
| 08/25/20 |
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| 01/05/21 |
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Last updated: 11/9/2023 2:52 PM (EST)