25RS HB 94

House Bill 94

Actions

Last Action	01/07/25: to Committee on Committees (H)
Title	AN ACT proposing to create a new section of the Constitution of Kentucky relating to property exempt from taxation.
Bill Documents	Introduced
Fiscal Impact Statement	Local Mandate
Bill Request Number	393
Sponsors	W. Williams, J. Calloway
Summary of Original Version	Propose to create a new section of the Constitution of Kentucky to exempt for homeowners who are 65 years of age or older any increase in the valuation of their permanent residence that is assessed after the later of the year the homeowner turned 65 or the year the homeowner purchased the property; require the exemption to be in addition to the exemption provided in Section 170 of the Constitution of Kentucky and notwithstanding Sections 171, 172, and 174 of the Constitution of Kentucky; apply the exemption to increases in valuation that occur after the date the amendment is ratified by the voters; provide ballot language; submit to voters for ratification or rejection.
Index Headings of Original Version	County Clerks - Constitutional amendment, property tax exemption, homeowners 65 years old or older, ballot language Elections and Voting - Constitutional amendment, property tax exemption, homeowners 65 years old or older, ballot language Secretary of State - Constitutional amendment, property tax exemption, homeowners 65 years old or older, ballot language Taxation - Property tax, exemption, homeowners 65 years old or older, proposed constitutional amendment Taxation, Property - Homeowners 65 years old or older, exemption, proposed constitutional amendment Aged Persons and Aging - Property tax, exemption, homeowners 65 years old or older, proposed constitutional amendment Constitution, Ky. - Property tax, exemption, homeowners 65 years old or older, proposed constitutional amendment Local Mandate - Constitutional amendment, property tax exemption, homeowners 65 years of older, ballot language