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HB 61 KY
Introduced

AN ACT relating to the property tax homestead exemption.

KY · session 2024RS · Assembly / House · bill

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Introduced Jan 2, 2024

Latest action (Jan 2, 2024) to Committee on Committees (H)

Summary

Amend KRS 132.810 to remove the requirement that the homestead exemption be construed to mean $6,500 in terms of the purchasing power of the dollar in 1972 and the cost-of-living indexing requirement; require the amount of the homestead exemption to be 50% of the first $250,000 in assessed value for qualifying real property; EFFECTIVE only upon the ratification by voters of an amendment to Section 170 of the Kentucky Constitution.

Sponsors (2)

Action history (2)
  1. Jan 2, 2024 introduced in House · lower
  2. Jan 2, 2024 to Committee on Committees (H) · lower
Subjects
Aged Persons and AgingDisabilities and the DisabledEffective Dates, DelayedFiscal NoteLocal MandateTaxationTaxation, 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 →