SB 27/FN (BR 63) - T. Buford
AN ACT proposing to amend Section 170 of the Constitution of Kentucky relating to property tax.
Propose to amend Section 170 of the Constitution of Kentucky to allow people who are at least fifty percent disabled to qualify for the homestead property tax exemption; provide that 50% of the assessment or $6,500, whichever is greater, is exempt from taxation; require that property tax assessments for people who are 65 years of age or older or classified as 50% disabled be frozen at the 2001 assessment or at the assessment in the year in which they turned 65 or were classified as disabled, whichever is later; submit to voters.
(Prefiled by the sponsor(s))
Jan 4-introduced in Senate; to Appropriations and Revenue (S)