22RS HB 447

Actions

Last Action	03/14/22: returned to Appropriations & Revenue (H)
Title	AN ACT relating to property taxation.
Bill Documents	Introduced
Fiscal Impact Statements	Fiscal Note Local Mandate
Bill Request Number	1283
Sponsors	J. Dixon, D. Fister, DJ Johnson, W. Lawrence, C. Massey, S. Sharp
Summary of Original Version	Amend KRS 132.020 and 132.200 to exclude aircraft not used in the business of transporting persons or property for compensation or hire from tangible property tax state and local rates; create a new section of KRS 132 to exempt aircraft not used in the business of transporting persons or property for compensation or hire; apply to property assessed on or after January 1, 2023.
Index Headings of Original Version	Taxation - Property, state and local ad valorem, personal aircraft, exemption Taxation, Property - Personal aircraft, exemption Aeronautics and Aviation - State and local ad valorem tax, personal aircraft, exemption Local Mandate - Property, state and local ad valorem, personal aircraft, exemption Fiscal Note - Property, state and local ad valorem, tax, exemption

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02/02/22	introduced in House to Committee on Committees (H)
02/11/22	to Transportation (H)
02/17/22	reassigned to Appropriations & Revenue (H)
03/14/22	taken from Appropriations & Revenue (H) 1st reading returned to Appropriations & Revenue (H)