04RS HB632


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HB 632 (BR 2157) - T. Feeley, J. Draud

     AN ACT relating to property tax.
     Amend KRS 68.245 to require the state local finance officer to also certify the amount of revenue expected to be produced by applying the tax rate from the prior year to the current year real property base excluding new property; to clarify the tax levy options available to county fiscal courts; to allow a county to continue to levy the prior year rate if the rate necessary for 4% growth is less than the prior year rate; amend provisions relating to levy and recall to incorporate provisions for counties levying the prior year rate; provide that the amendments shall apply for tax assessment years on or after January 1, 2005.

     Feb 27-introduced in House
     Mar 1-to Appropriations and Revenue (H)

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