Bill
Bill > HB916
summary
Introduced
03/04/2026
03/04/2026
In Committee
03/11/2026
03/11/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Amend KRS 132.4851 to exempt motor vehicles assessed under KRS 132.485 from state property taxes beginning on or after January 1, 2027; amend KRS 132.020 to conform.
AI Summary
This bill exempts motor vehicles assessed under KRS 132.485 from state property taxes starting January 1, 2027, meaning that individuals will no longer pay state property tax on these vehicles from that date forward. The bill also makes conforming changes to KRS 132.020, which outlines various state property tax rates, to reflect this new exemption. It's important to note that this exemption applies only to state property taxes and does not affect usage taxes or local ad valorem taxes that counties, cities, or school districts may impose on motor vehicles.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
to Appropriations & Revenue (H) (on 03/11/2026)
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/hb916.html |
| BillText | https://apps.legislature.ky.gov/recorddocuments/bill/26RS/hb916/orig_bill.pdf |
| Local Mandate Fiscal Impact | https://apps.legislature.ky.gov/recorddocuments/note/26RS/hb916/LM.pdf |
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