Bill Request 153

Title AN ACT relating to property taxes for veteran service organizations.
Bill Documents Original
Sponsors M. Koch
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 Taxation - Property tax, veteran service organization, exemption
Taxation, Property - Veteran service organization, exemption
Veterans - Veteran service organization, property tax exemption


06/30/20 Prefiled by the sponsor(s).

Last updated: 1/4/2021 4:38 PM (EST)
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