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HB 111 KY
Introduced

AN ACT proposing an amendment to Section 170 of the Constitution of Kentucky relating to property exempt from taxation.

KY · session 2024RS · Assembly / House · bill

A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →

Introduced Jan 3, 2024

Latest action (Jan 3, 2024) to Committee on Committees (H)

Summary

Propose to amend Section 170 of the Constitution of Kentucky to include in the homestead exemption for owners who are 65 years of age or older any increase in the valuation of the real property that is assessed after the later of the year the owner turned 65 or the year the owner purchased the property; 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.

Sponsor (1)

Action history (2)
  1. Jan 3, 2024 introduced in House · lower
  2. Jan 3, 2024 to Committee on Committees (H) · lower
Subjects
Aged Persons and AgingConstitution, Ky.County ClerksElections and VotingLocal MandateSecretary of StateTaxationTaxation, Property

Text versions (1)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • Introduced · PDF

Full text

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Data from OpenStates. View on OpenStates →