Kentucky
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House Bill 14

Actions | Amendments
Last Action 02/04/21: posted in committee
Title AN ACT relating to property taxes for veteran service organizations.
Bill Documents Introduced
Fiscal Impact Statements Local Mandate
Additional Fiscal Impact Statements Exist
Bill Request Number 153
Sponsors M. Koch, DJ Johnson, S. Baker, K. Banta, J. Blanton, T. Bojanowski, K. Bratcher, J. Bray, J. Dixon, D. Fister, C. Freeland, C. Fugate, A. Gentry, J. Gooch Jr., D. Hale, M. Hart, A. Hatton, S. Heavrin, R. Huff, W. Lawrence, D. Lewis, S. Lewis, C. Massey, B. McCool, C. McCoy, M. Meredith, S. Miles, P. Minter, R. Palumbo, M. Prunty, S. Sharp, S. Sheldon, P. Stevenson, A. Tackett Laferty, N. Tate, W. Thomas, K. Timoney, B. Wesley, S. Westrom, B. Wheatley
Summary of Original Version Create a new section in KRS Chapter 132 to exempt veteran service organizations from ad valorem taxation if over 50 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, 2022.
Index Headings of Original Version 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
Jump to Proposed Amendments House Committee Substitute 1 with Fiscal Impact Statements

Actions

Top | Amendments
06/30/20
  • Prefiled by the sponsor(s).
01/05/21
  • introduced in House
  • to Committee on Committees (H)
01/13/21
  • to Veterans, Military Affairs, and Public Protection (H)
02/02/21
  • posted in committee
02/03/21
  • reported favorably, 1st reading, to Calendar with Committee Substitute
02/04/21
  • 2nd reading, to Rules
  • recommitted to Appropriations & Revenue (H)
  • posted in committee

Proposed Amendments

Top | Actions
Amendment House Committee Substitute 1
Fiscal Impact Statements Fiscal Note to House Committee Substitute 1
Local Mandate to House Committee Substitute 1
Summary Create a new section in KRS Chapter 132 to exempt veteran service organizations from ad valorem taxation if over 50 percent of the organization's annual net income is expended on behalf of veterans and other charitable causes; prohibit the exemption from applying to real property which is owned by the veteran service organization and occupied by another entity or person for compensation; amend KRS 132.010 to define "veteran service organization"; apply to property assessed on or after January 1, 2022.
Index Headings Local Mandate - Veteran service organization, property tax exemption
Fiscal Note - Property tax, veteran service organization, exemption
Taxation - Property tax, veteran service organization, exemption
Taxation, Property - Veteran service organization, exemption
Veterans - Veteran service organization, property tax exemption

Last updated: 11/9/2023 2:52 PM (EST)