SB 110 (BR 1669) - T. Buford
AN ACT proposing to amend Section 170 of the Constitution of Kentucky relating to property tax.
Amend Section 170 of the Constitution of Kentucky to allow people that are at least fifty percent disabled or 65 years of age or older to qualify for the homestead property tax exemption; provide that homestead exemption is an amount equal to 50% of the first $125,000 assessment value or $6,500, whichever is greater; require that property tax assessments for people that are 65 years of age or older or classified as fifty percent disabled be frozen at the 2003 assessment or at the assessment in the year in which they turned 65 or were classified as disabled, whichever is later; submit to voters.
Jan 16-introduced in Senate
Jan 18-to Appropriations and Revenue (S)