26RS HB 245

House Bill 245

Actions

Last Action	01/08/26: to Committee on Committees (H)
Title	AN ACT proposing an amendment to Section 170 of the Constitution of Kentucky relating to property exempt from taxation.
Bill Documents	Introduced
Fiscal Impact Statement	Local Mandate
Bill Request Number	350
Sponsor	K. Banta
Summary of Original Version	Propose to amend Section 170 of the Constitution of Kentucky to increase the homestead exemption to $75,000; require the homestead exemption amount to be indexed every year; provide ballot language; submit to voters for ratification or rejection; apply to property assessments beginning on or after January 1, 2027.
Index Headings of Original Version	Local Mandate - Property tax homestead exemption increase, proposed constitutional amendment Aged Persons And Aging - Property tax homestead exemption increase, proposed constitutional amendment Constitution, Ky. - Property tax homestead exemption increase, proposed constitutional amendment County Clerks - Constitutional amendment, property tax homestead exemption increase, ballot language Disabilities - Property tax homestead exemption increase, proposed constitutional amendment Elections And Voting - Constitutional amendment, property tax homestead exemption increase, ballot language Secretary Of State - Constitutional amendment, property tax homestead exemption increase, ballot language Taxation - Property tax, homestead exemption increase, proposed constitutional amendment Taxation, Property - Homestead exemption increase, proposed constitutional amendment