22RS HB 304

Actions

Last Action	01/13/22: to Committee on Committees (H)
Title	AN ACT relating to the taxation of motor vehicles.
Bill Documents	Introduced
Fiscal Impact Statement	Local Mandate
Bill Request Number	1441
Sponsors	J. Fischer, S. Baker, D. Hale, S. Maddox, C. Massey, S. Santoro, N. Tate
Summary of Original Version	Amend KRS 132.020 to reduce the motor vehicle property tax rate to two cents for each $100 of assessed value; amend KRS 134.805 to increase the county clerk's commission to 100% of the state taxes collected on motor vehicles; apply to vehicles assessed on or after January 1, 2022; RETROACTIVE.
Index Headings of Original Version	Retroactive Legislation - Motor vehicle property tax, county clerk commission, increase, January 1, 2022 Local Mandate - Motor vehicle tax rate, reduction, county clerk commission, increase County Clerks - Motor vehicle property tax collection commission, increase Motor Vehicles - State property tax rate, reduction Taxation - Property tax, motor vehicle tax rate, reduction Taxation, Property - Motor vehicle tax rate, reduction Retroactive Legislation - Motor vehicle property tax rate, reduction, January 1, 2022