HB 59

AN ACT proposing an amendment to Section 170 of the Constitution of Kentucky relating to property exempt from taxation. Propose an amendment to Section 170 of the Constitution of Kentucky increasing the homestead exemption from the current inflation-adjusted amount of $36,900 to the full assessed value of the property for totally and permanently disabled veterans who are rated unemployable or 100% disabled by the United States Department of Veterans Affairs due to a service-connected disability; add the continued biennial inflation indexing of the homestead exemption amount; make various typographical changes of a nonsubstantive nature; state ballot question; submit to voters.