HB 398/FN/LM (BR 1381) - T. Thompson
AN ACT relating to property valuation.
Create a new section of KRS Chapter 132 to declare that property valuation administrators may use a variety of identified valuation methods to determine fair cash value, and that appraisals for tract and subdivision developments shall meet specified minimum standards.
HB 398 - AMENDMENTS
HCS/FN/LM - Retain original provisions with the following change: provide that tract developments shall meet the minimum standards for appraisal established by the Kentucky Department of Revenue or the International Association of Assessing Officers.
Feb 13-introduced in House
Feb 14-to Appropriations & Revenue (H)
Feb 24-posted in committee
Feb 28-reported favorably, 1st reading, to Consent Calendar with Committee Substitute
Feb 29-2nd reading, to Rules; posted for passage in the Consent Orders of the Day for Friday, March 2, 2012
Mar 2-3rd reading, passed 97-0 with Committee Substitute
Mar 5-received in Senate
Mar 7-to Appropriations & Revenue (S)
Mar 22-reported favorably, 1st reading, to Calendar
Mar 23-2nd reading, to Rules
Mar 27-posted for passage in the Regular Orders of the Day for Tuesday, March 27, 2012; 3rd reading, passed 32-0-1
Mar 28-received in House; enrolled, signed by Speaker of the House
Mar 30-enrolled, signed by President of the Senate; delivered to Governor
Apr 11-signed by Governor (Acts ch. 94)