23RS HB 339

House Bill 339

Actions

Last Action	02/16/23: to Committee on Committees (H)
Title	AN ACT relating to a property tax installment payment program.
Bill Documents	Introduced
Fiscal Impact Statement	Local Mandate
Bill Request Number	291
Sponsors	L. Willner, J. Raymond
Summary of Original Version	Create a new section in KRS Chapter 134 to establish a quarterly 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 if taxes paid under quarterly installment payment program; 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	Sheriffs - Property tax collection, 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 Local Mandate - Property taxes, installment payment program County Clerks - Property taxes, installment payment program Property Valuation Administrators - Property taxes, installment payment program