House Bill 61

Actions
Last Action 01/02/24: to Committee on Committees (H)
Title AN ACT relating to the property tax homestead exemption.
Bill Documents Introduced
Fiscal Impact Statements Fiscal Note
Local Mandate
Bill Request Number 236
Sponsors R. Dotson, T. Huff
Summary of Original Version Amend KRS 132.810 to remove the requirement that the homestead exemption be construed to mean $6,500 in terms of the purchasing power of the dollar in 1972 and the cost-of-living indexing requirement; require the amount of the homestead exemption to be 50% of the first $250,000 in assessed value for qualifying real property; EFFECTIVE only upon the ratification by voters of an amendment to Section 170 of the Kentucky Constitution.
Index Headings of Original Version Local Mandate - Property tax, homestead exemption amount
Fiscal Note - Property tax, homestead exemption amount
Disabilities and the Disabled - Property tax, homestead exemption amount
Effective Dates, Delayed - Property tax, homestead exemption amount, effective upon ratification of constitutional amendment
Taxation, Property - Homestead exemption amount
Aged Persons and Aging - Property tax, homestead exemption amount
Taxation - Property tax, homestead exemption amount

Actions

Top
01/02/24
  • introduced in House
  • to Committee on Committees (H)


Last updated: 9/26/2024 1:37 PM (EDT)