| 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 |
| 02/22/22 |
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Last updated: 2/8/2023 2:57 PM (EST)