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SB 69 KY
Introduced

AN ACT relating to the levy of an ad valorem tax rate.

KY · session 2024RS · Senate · bill

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

Introduced Jan 4, 2024

Latest action (Jan 8, 2024) to State & Local Government (S)

Summary

Repeal and reenact KRS 132.017 to require the portion of a property tax rate which will produce revenue from real property, exclusive of revenue from new property, more than four percent over the amount of revenue produced by the compensating tax rate to be subject to recall by the voters of the district; establish requirements for the ballot question, notifying the public, the election process, and recalling the rate; allow the cancellation of the election; disallow local, state, and federal tax dollars to be used to advocate for the rate; amend various statutes to conform; EFFECTIVE January 1, 2025.

Sponsor (1)

Action history (3)
  1. Jan 4, 2024 introduced in Senate · upper
  2. Jan 4, 2024 to Committee on Committees (S) · upper
  3. Jan 8, 2024 to State & Local Government (S) · upper
Subjects
AdvertisingCitiesCountiesCounty ClerksEducation, FinanceEffective Dates, DelayedElections and VotingLocal GovernmentSpecial Purpose Governmental EntitiesTaxationTaxation, 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 →