Bill > SB129

This bill makes several changes to Kentucky law related to property and local government. Primarily, it amends the process for purchasing tax delinquency certificates in consolidated local governments by introducing the concept of a "diverted tax delinquency purchaser," which allows certain entities like local government agencies, quasi-governmental entities, and specific nonprofit organizations to purchase certificates of delinquency for vacant and abandoned properties during a tax delinquency diversion program. The bill requires the county attorney to verify and remove such properties from a protected list after 90 days, allowing registered third-party purchasers to buy these certificates. Additionally, the bill creates new restrictions on residential property development and leasing in traditional single-family home zones, such as requiring property owners to primarily reside on lots with single-family homes or limiting multifamily housing development. The legislation also includes provisions related to emergency response fees, urban service tax districts, and planning commission binding elements, aiming to provide more flexible and targeted approaches to local government services and property management.

Business and Industry, Government Affairs

https://apps.legislature.ky.gov/record/25RS/sb129.html