Last Action | 02/20/24: to Committee on Committees (H) |
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Title | AN ACT relating to the valuation of motor vehicles for property tax purposes and declaring an emergency. |
Bill Documents | Introduced |
Fiscal Impact Statement | Local Mandate |
Bill Request Number | 1927 |
Sponsor | M. Dossett |
Summary of Original Version | Amend KRS 132.4851 to exempt a portion of the property taxes assessed on motor vehicles for the January 1, 2024, and January 1, 2025, assessment dates; mandate that the Department of Revenue and county clerks work together to establish procedures for refunds; RETROACTIVE; EMERGENCY. |
Index Headings of Original Version |
Local Mandate - Property tax, motor vehicle valuation, exemption County Clerks - Motor vehicle valuation, property tax exemption, refunds Effective Dates, Emergency - Motor vehicle valuation, property tax exemption, refunds Motor Vehicles - Assessed valuation, property tax exemption, refunds Property Valuation Administrators - Motor vehicle valuation, property tax exemption, refunds State Agencies - Department of Revenue, motor vehicle valuation, property tax exemption, refunds Taxation, Property - Motor vehicle valuation, exemption Retroactive Legislation - Motor vehicle property tax exemption, January 1, 2024 Taxation - Property tax, motor vehicle valuation, exemption |
02/20/24 |
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Last updated: 9/26/2024 1:37 PM (EDT)