HB 23/LM (BR 98) - J. Wayne, S. Alexander, J. Bowling, I. Branham, T. Burch, P. Clark, C. Geveden, J. Jenkins, M. Marzian, R. Palumbo, K. Stein, G. Stumbo
AN ACT relating to revenue and taxation.
Amend KRS 132.020 to provide a phase-out of the state property tax on the first $15,000 of assessed value on motor vehicles; amend KRS 134.805 to adjust the commission received by the county clerks for collecting the state property tax on motor vehicles; create a new section of KRS Chapter 141 to phase-in a refundable credit equal to 15% of the federal earned income credit.
(Prefiled by the sponsor(s))
Jan 4-introduced in House; to Appropriations and Revenue (H)