LRC Seal



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 446/FN/LM (BR 1901) - B. Farmer

     AN ACT relating to property tax.
     Amend KRS 132.020 to lower the state property tax rate from 5 cents per $100 of value to 1/10 of one cent per $100 value on goods held for sale in the regular course of business including machinery and equipment held in a retailer's inventory for sale or lease originating under a floor plan financing arrangement, raw materials, and in-process materials held for incorporation in finished goods held for sale in the regular course of business; amend KRS 132.200 to exempt same property from local taxation; EFFECTIVE for property assessed on or after January 1, 2012.

     Feb 23-introduced in House
     Feb 27-to Appropriations & Revenue (H)

Legislature Home Page | Record Front Page