12RS HB398

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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)

Vote History

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