Propose to create a new section of the Constitution of Kentucky to exempt for homeowners who are 65 years of age or older any increase in the valuation of their permanent residence and contiguous real property that is assessed after the later of the year the homeowner turned 65 or the year the homeowner purchased the property; require the exemption to be in addition to the exemption provided in Section 170 of the Constitution of Kentucky and notwithstanding Sections 171, 172, and 174 of the Constitution of Kentucky; 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.
to Committee on Committees (H)
received in House
3rd reading, passed 32-3
posted for passage in the Regular Orders of the Day for Thursday, February 20, 2025
2nd reading, to Rules
reported favorably, 1st reading, to Calendar
to State & Local Government (S)
introduced in Senate
to Committee on Committees (S)
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| Fiscal Note |
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