House Bill 543

Actions
Last Action 02/22/22: to Committee on Committees (H)
Title AN ACT relating to the property tax monthly installment payment program.
Bill Documents Introduced
Fiscal Impact Statement Local Mandate
Bill Request Number 997
Sponsor L. Willner
Summary of Original Version Create a new section in KRS Chapter 134 to establish an installment payment program; define terms; provide installment payment calculation guidelines; require specific property tax information be sent to the taxpayer through notifications or made accessible through an electronic system; allow an administrative fee up to three percent; disallow two percent discount for early payment of taxes; prohibit collection of penalties and interest on installment payments; require the Department of Revenue to promulgate administrative regulations; establish penalties for noncompliance; amend KRS 133.220 to require the sheriff or collector to include specific tax payment information on tax notices; amend KRS 134.015 to conform.
Index Headings of Original Version Local Mandate - Property taxes, installment payment program
County Clerks - Property taxes, installment payment program
Property Valuation Administrators - Property taxes, installment payment program
State Agencies - Department of Revenue, property taxes, installment payment program
Taxation - Property taxes, installment payment program
Taxation, Property - Installment payment program
Attorney, County - Property taxes, installment payment program
Cities - Property taxes, installment payment program
Counties - Property taxes, installment payment program
Sheriffs - Property tax collection, installment payment program

Actions

Top
02/22/22
  • introduced in House
  • to Committee on Committees (H)


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