22RS HB 699

House Bill 699

Actions

Last Action	03/01/22: to Committee on Committees (H)
Title	AN ACT relating to the property tax quarterly installment payment program.
Bill Documents	Introduced
Fiscal Impact Statement	Local Mandate
Bill Request Number	1530
Sponsor	J. Jenkins
Summary of Original Version	Create a new section of KRS Chapter 134 to establish a quarterly installment payment program for real property taxes; provide quarterly installment calculation guidelines; require specific property tax information be sent to the taxpayer through notifications or made accessible through an online system; allow administrative fee up to 3 percent; disallow 2 percent discount for early payment of taxes; prohibit collection of penalties and interest; require Department of Revenue to promulgate administrative regulations; establish penalties for noncompliance; require independent school districts and cities who uses a real property tax collector other than the sheriff to establish a quarterly installment payment program; amend KRS 134.015 to conform.
Index Headings of Original Version	County Clerks - Property tax, quarterly installment payment program Property Valuation Administrators - Property tax, quarterly installment payment program State Agencies - Department of Revenue, property tax, quarterly installment payment program Taxation - Property tax, quarterly installment payment program Taxation, Property - Quarterly installment payment program Attorney, County - Property tax, quarterly installment payment program Cities - Property tax, quarterly installment payment program Counties - Property tax, quarterly installment payment program Boards and Commissions - Independent school districts, property tax, quarterly installment payment program Local Mandate - Property tax, quarterly installment payment program