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

Actions

Top
01/10/22
  • introduced in House
  • to Committee on Committees (H)


Last updated: 5/25/2022 2:58 PM (EDT)
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