HB 111

Bill Subjects

Aged Persons And Aging Constitution, Ky. County Clerks Elections And Voting Local Mandate Secretary Of State Taxation Taxation, Property

Abstract

Propose to amend Section 170 of the Constitution of Kentucky to include in the homestead exemption for owners who are 65 years of age or older any increase in the valuation of the real property that is assessed after the later of the year the owner turned 65 or the year the owner purchased the property; 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.