Bill > HB198

This bill proposes a constitutional amendment to Section 170 of the Kentucky Constitution that would grant the General Assembly broader authority to modify property taxation. Specifically, the bill would allow the state legislature to exempt all or part of any property class from taxation by reducing or eliminating tax rates, and to eliminate all or part of any state or local property tax. The proposed amendment expands the existing constitutional provisions regarding tax exemptions, removing previous language that limited the legislature's flexibility in creating property tax exemptions. The bill requires the proposed amendment to be submitted to Kentucky voters for ratification or rejection at the next regular election, with specific requirements for publishing the full text of the amendment in newspapers and on ballots. The ballot language will ask voters if they support providing the General Assembly more discretion in property tax exemptions. If approved by voters, this amendment would give the state legislature more power to create targeted tax exemptions and potentially reduce property tax burdens for certain property classes or types.

Government Affairs

https://apps.legislature.ky.gov/record/25RS/hb198.html