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Bill > SB51
KY SB51
KY SB51AN ACT proposing to create a new section of the Constitution of Kentucky relating to property exempt from taxation.
summary
Introduced
01/09/2026
01/09/2026
In Committee
03/06/2026
03/06/2026
Crossed Over
01/23/2026
01/23/2026
Passed
Dead
Introduced Session
Potential new amendment
2026 Regular Session
Bill Summary
Propose to create a new section of the Constitution of Kentucky to exempt homeowners who are 65 years of age or older from any increase in the valuation of their permanent residence that is assessed after the later of the year the homeowner turned 65 or the year the homeowner acquired the property; require the exemption to be in addition to the exemption provided in Section 170 of the Constitution of Kentucky and notwithstanding Sections 171, 172, and 174 of the Constitution of Kentucky; apply the exemption to increases in valuation that occur after the date the amendment is ratified by the voters; provide ballot language; submit to voters for ratification or rejection.
AI Summary
This bill proposes to amend the Kentucky Constitution to create a new property tax exemption for homeowners aged 65 and older. Specifically, it would exempt any increase in the assessed value of their permanent residence from property taxes, starting from the year they turn 65 or acquire the property, whichever is later. This exemption would be in addition to any existing property tax relief provided by Section 170 of the Constitution and would override conflicting provisions in Sections 171, 172, and 174. The amendment would only apply to valuation increases that occur after voters ratify it, and the bill outlines the process for submitting the proposed amendment to the voters for their approval or rejection.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (19)
Mike Nemes (R)*,
Julie Adams (R),
Jared Carpenter (R),
Matt Deneen (R),
Don Douglas (R),
Shelley Frommeyer (R),
Rick Girdler (R),
Jimmy Higdon (R),
Scott Madon (R),
Amanda Mays Bledsoe (R),
Stephen Meredith (R),
Robby Mills (R),
Matt Nunn (R),
Aaron Reed (R),
Brandon Smith (R),
Reggie Thomas (D),
Lindsey Tichenor (R),
Mike Wilson (R),
Max Wise (R),
Last Action
to Appropriations & Revenue (H) (on 03/06/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://apps.legislature.ky.gov/record/26RS/sb51.html |
| BillText | https://apps.legislature.ky.gov/recorddocuments/bill/26RS/sb51/bill.pdf |
| Vote History for SB51 | https://apps.legislature.ky.gov/record/26RS/sb51/vote_history.pdf |
| Senate Floor Amendment 2 | https://apps.legislature.ky.gov/recorddocuments/bill/26RS/SB51/SFA2.pdf |
| Senate Floor Amendment 1 | https://apps.legislature.ky.gov/recorddocuments/bill/26RS/SB51/SFA1.pdf |
| Local Mandate Fiscal Impact | https://apps.legislature.ky.gov/recorddocuments/note/26RS/sb51/LM.pdf |
| Fiscal Note for SB51 | https://apps.legislature.ky.gov/recorddocuments/note/26RS/sb51/FN.pdf |
| BillText | https://apps.legislature.ky.gov/recorddocuments/bill/26RS/sb51/orig_bill.pdf |
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