| Last Action | 02/23/23: to Appropriations & Revenue (H) |
|---|---|
| Title | AN ACT relating to the valuation of multi-unit rental housing subject to government restriction on use. |
| Bill Documents | Introduced |
| Bill Request Number | 1030 |
| Sponsors | J. Nemes, S. Heavrin |
| Summary of Original Version | Amend KRS 132.010 to add definitions for "government restriction on use," "low-income," and "multi-unit rental housing"; amend KRS 132.191 to allow the valuation of multi-unit rental housing that is subject to government restriction on use to be calculated using specific methods; disallow the inclusion of income tax credits in the methods; require the owner of the multi-unit rental housing to provide notifications and file a form with the property valuation administrator; allow penalty up to $200 for noncompliance; require the Department of Revenue to promulgate administrative regulations. |
| Index Headings of Original Version |
Administrative Regulations and Proceedings - Multi-unit rental housing subject to government restriction on use, valuation methods Housing, Building, and Construction - Multi-unit rental housing subject to government restriction on use, property tax, valuation methods Property - Multi-unit rental housing subject to government restriction on use, property tax, valuation methods Property Valuation Administrators - Multi-unit rental housing subject to government restriction on use, valuation methods Taxation - Property tax, multi-unit rental housing subject to government restriction on use, valuation methods Taxation, Property - Multi-unit rental housing subject to government restriction on use, valuation methods |
| 02/15/23 |
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| 02/23/23 |
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Last updated: 11/9/2023 3:03 PM (EST)