HB 242 KY Introduced
AN ACT proposing to create a new section of the Constitution of Kentucky relating to property exempt from taxation.
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Summary
Propose to create a new section of the Constitution of Kentucky to exempt from taxation a portion of the assessed value of real property maintained as the permanent residence of an owner who is a veteran or first responder; require an owner to meet the disability requirements under Section 170 of the Constitution of Kentucky; allow real property maintained as the permanent residence of the surviving spouse of a veteran or first responder to receive an exemption based on the qualifiers of the veteran or first responder prior to his or her death; allow the General Assembly to set qualification requirements by law; prohibit a property from receiving more than 1 exemption under this new section of the Constitution of Kentucky; allow the exemption to be in addition to the exemption provided in Section 170 of the Constitution of Kentucky; provide that the exemptions supersede contrary provisions of Sections 171, 172, and 174 of the Constitution of Kentucky; apply the exemptions to property assessed on or after January 1, 2028; provide ballot language; submit to voters for ratification or rejection.
Action history (3)
- Jan 8, 2026 introduced in House · lower
- Jan 8, 2026 to Committee on Committees (H) · lower
- Jan 15, 2026 to Elections, Const. Amendments & Intergovernmental Affairs (H) · lower
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