11RS HB137

WWW Version
The hyperlink to a bill draft that precedes a summary contains the most recent version (Introduced/GA/Enacted) of the bill. If the session has ended, the hyperlink contains the latest version of the bill at the time of sine die adjournment. Note that the summary pertains to the bill as introduced, which is often different from the most recent version.

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)

Legislature Home Page | Record Front Page