Bill > HB830

This bill amends a Kentucky law (KRS 132.096) that provides an exemption from state and local property taxes for farm implements and farm machinery. Specifically, it removes the previous requirements that the machinery must be owned or leased by someone actively engaged in farming and used in their farm operations. The bill also makes technical changes to the wording of the law. The context for this change is to simplify the criteria for this tax exemption, making it easier for those in the agricultural sector to benefit from it without needing to meet specific ownership and usage stipulations.

Budget and Finance

https://apps.legislature.ky.gov/record/26RS/hb830.html