HB 730 KY Introduced
AN ACT relating to a property tax installment payment program.
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Summary
Create a new section in KRS Chapter 134 to establish a quarterly installment payment program; define terms; provide installment payment calculation guidelines; require specific property tax information be sent to the taxpayer through notifications or made accessible through an electronic system; allow an administrative fee up to three percent; disallow two percent discount for early payment of taxes if taxes paid under quarterly installment payment program; prohibit collection of penalties and interest on installment payments; require the Department of Revenue to promulgate administrative regulations; establish penalties for noncompliance; amend KRS 133.220 to require the sheriff or collector to include specific tax payment information on tax notices; amend KRS 134.015 to conform.
Sponsors (2)
- L. Willner Democratic · primary
- S. Stalker Democratic · primary
Action history (2)
- Feb 26, 2024 introduced in House · lower
- Feb 26, 2024 to Committee on Committees (H) · lower
Text versions (1)
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