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HB 560 KY
Introduced

AN ACT relating to funding school districts that have a high percentage of tax-exempt property.

KY · session 2026RS · Assembly / House · bill

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Introduced Feb 4, 2026

Latest action (Feb 11, 2026) to Appropriations & Revenue (H)

Summary

Amend KRS 45.021 to require the Finance and Administration Cabinet to contract with each local board of education of a district that has 65% or more in tax-exempt real property and that does not receive financial relief from other sources for the tax revenue lost from the tax-exempt property, to provide for recoupment to the board of at least 25% of the local board of education's lost tax revenue from the tax-exempt properties.

Sponsor (1)

Action history (3)
  1. Feb 4, 2026 introduced in House · lower
  2. Feb 4, 2026 to Committee on Committees (H) · lower
  3. Feb 11, 2026 to Appropriations & Revenue (H) · lower
Subjects
Budget And Financial AdministrationEducation, FinanceState AgenciesTaxationTaxation, Property

Full text

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