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HB 137/LM (BR 81) - J. Fischer, J. Comer Jr., J. DeCesare, M. Dossett, S. Gregory, M. Harmon, S. Lee, D. Mayfield, D. Osborne, R. Quarles, S. Santoro, A. Webb-Edgington, A. Wuchner, J. York

     AN ACT relating to property tax.
     Amend KRS 132.010 to redefine "compensating tax rate" and define "four percent (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; create a new section of KRS Chapter 132 to allow a one-time adjustment in property tax rates in 2012 to align real and personal property 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, 160.475, 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 68.248, 132.018, 132.024, 132.025, 132.027, 132.029, and 160.473; EFFECTIVE beginning January 1, 2012.

     Jan 4-introduced in House
     Jan 5-to Appropriations & Revenue (H)

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