22RS HB 386

Actions

Last Action	01/27/22: to Committee on Committees (H)
Title	AN ACT relating to exempting motor vehicles from property taxation and declaring an emergency.
Bill Documents	Introduced
Fiscal Impact Statement	Local Mandate
Bill Request Number	1496
Sponsor	A. Hatton
Summary of Original Version	Create a new section of KRS Chapter 132 to exempt motor vehicles from state property tax and exempt a portion of the 2022 property taxes that are greater than the taxes calculated based on the motor vehicle's 2021 standard value and property tax rates; amend KRS 134.805, 186.020, 186A.035, and 235.066 to conform; apply to motor vehicles on or after January 1, 2022; EMERGENCY.
Index Headings of Original Version	Effective Dates, Emergency - Motor vehicle taxation Local Mandate - Motor vehicle state property tax, county clerk commission, elimination, January 1, 2022 County Clerks - Motor vehicle state property tax, commission, elimination Motor Vehicles - Property tax exemption Taxation - Property tax, motor vehicle, exemption Taxation, Property - Motor vehicle, exemption Retroactive Legislation - Motor vehicle property tax, exemption, January 1, 2022 Retroactive Legislation - Motor vehicle state property tax, county clerk commission, elimination, January 1, 2022