12RS HB48

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HB 48/LM (BR 46) - J. Fischer, A. Wuchner, D. Osborne, S. Santoro, A. Webb-Edgington, J. York

AN ACT relating to property tax.
Amend KRS 132.010 to change the definition of "compensating tax rate", and to add definitions for "Four (4%) rate", and "Taxing district"; amend KRS 132.017 and 132.0225 to conform; amend KRS 132.023 to require all taxing districts to calculate separate real and personal property tax rates; amend KRS 68.245, 157.440, 160.470, 210.480, 212.755, 65.125, 67.934, 67.938, 67A.850, 67C,125, 67C.147, 78.530, 132.012, 132.028, and 342.240 to conform; create a new section of KRS Chapter 173 to require the Department of Libraries and Archives to calculate tax rates for library taxing districts; repeal KRS 132.018, 132.024, 132.025, 132.029, 68.248 and 160.473; provide that the Act applies beginning January 1, 2013.

     (Prefiled by the sponsor(s).)

     Oct 5-To: Interim Joint Committee on Appropriations and Revenue
     Jan 3-introduced in House; to Appropriations & Revenue (H)

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