22RS HB 261

House Bill 261

Actions

Last Action	01/10/22: to Committee on Committees (H)
Title	AN ACT relating to assessment of motor vehicles for property tax purposes and declaring an emergency.
Bill Documents	Introduced
Fiscal Impact Statement	Local Mandate
Bill Request Number	1405
Sponsors	S. Sheldon, J. Decker, K. Bratcher, W. Lawrence, J. Bray, R. Bridges, R. Dotson, J. DuPlessis, D. Elliott, D. Fister, D. Frazier Gordon, C. Fugate, D. Hale, M. Hart, S. Heavrin, R. Huff, T. Huff, M. Lockett, C. Massey, B. McCool, S. McPherson, M. Prunty, S. Riley, S. Santoro, S. Sharp, W. Thomas, R. Webber, R. White
Summary of Original Version	Amend KRS 132.485 to establish requirements for assessing personal motor vehicles for property tax purposes for the January 1, 2022, and January 1, 2023, assessment dates; allow refunds; require posting of refund information on Web sites; establish requirements for assessing motor vehicles for property tax purposes when the standard manual valuation exceeds six percent of the immediately preceding year's standard manual valuation for assessment dates beginning on or after January 1, 2024; EMERGENCY.
Index Headings of Original Version	Property Valuation Administrators - Department of Revenue, motor vehicle property tax, Web site posting requirement State Agencies - Department of Revenue, motor vehicle property tax, Web site posting requirement Taxation - Property tax, motor vehicle valuation requirements, personal use Taxation, Property - Motor vehicle valuation requirements, personal use Retroactive Legislation - Motor vehicle valuation requirements, property tax, January 1, 2022 Local Mandate - Department of Revenue, motor vehicle property tax, Web site posting requirement County Clerks - Department of Revenue, motor vehicle property tax, Web site posting requirement Effective Dates, Emergency - Motor vehicle valuation requirements, personal use Motor Vehicles - Personal use, valuation requirements, property tax