26RS SB 41

Senate Bill 41

Actions

Last Action	01/07/26: to Committee on Committees (S)
Title	AN ACT relating to the levy of an ad valorem tax rate.
Bill Documents	Introduced
Fiscal Impact Statement	Local Mandate
Bill Request Number	128
Sponsor	G. Boswell
Summary of Original Version	Amend KRS 132.017, relating to the process for a recall of a local ad valorem tax rate, to define "school nickel tax rate"; require a petition process for recalling the levy of a school nickel tax rate; remove other taxes levied by local governmental entities from the petition process requirements; require an ad valorem tax levied by a local governmental entity and a general tax rate levied by a local board of education to be voted upon by the voters if the tax rate produces more than 4% in revenues over the revenues produced by the compensating tax rate; require the suspension of the ordinance, order, resolution, or motion levying the tax rate until after the required election; allow a local governmental entity or a local board of education to cancel a required recall election by reconsidering the levy and instead levying a tax rate that produces no more than 4% in revenues over the revenues produced by the compensating tax rate; specify ballot and public notification requirements for the election; provide that if a tax rate is recalled, the compensating tax rate shall be levied; amend KRS 68.245, 75A.050, 132.018, 132.023, 132.027, and 160.470 to conform; make technical changes; EFFECTIVE January 1, 2027.
Index Headings of Original Version	Taxation, Property - Tax rate levy, recall process Local Mandate - Tax rate levy, recall process County Clerks - Property tax rate levy, recall process Education, Elementary And Secondary - General tax rate levy, recall process Effective Dates, Delayed - Property tax, tax rate levy, recall process, January 1, 2027 Property - Tax rate levy, recall process Cities - Property tax rate levy, recall process Counties - Property tax rate levy, recall process Education, Finance - General tax rate levy, recall process Education, Finance - School nickel tax rate, petition process requirements, recall process Elections And Voting - Property tax rate levy, recall process Local Government - Property tax rate levy, recall process Special Districts - Property tax rate levy, recall process Special Purpose Governmental Entities - Property tax rate levy, recall process Taxation - Property tax, tax rate levy, recall process