Kentucky House Bill 137 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 14-0)
Status: Introduced on January 4 2011 - 25% progression, died in committee
Action: 2011-01-05 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [MS Word]

Amend KRS 132.010 to redefine "compensating tax rate" and define "four percent (4%) rate" and "taxing district"; amend KRS 132.017 and 132.0225 to conform; amend KRS 132.023 to require all taxing districts to calculate separate real and personal property tax rates; create a new section of KRS Chapter 132 to allow a one-time adjustment in property tax rates in 2012 to align real and personal property rates; amend KRS 68.245, 157.440, 160.470, 210.480, 212.755, 65.125, 67.934, 67.938, 67A.850, 67C,125, 67C.147, 78.530, 132.012, 132.028, 160.475, and 342.240 to conform; create a new section of KRS Chapter 173 to require the Department of Libraries and Archives to calculate tax rates for library taxing districts; repeal KRS 68.248, 132.018, 132.024, 132.025, 132.027, 132.029, and 160.473; EFFECTIVE beginning January 1, 2012.

AN ACT relating to property tax.

Rep. James Comer [R]	Rep. Jim DeCesare [R]	Rep. Myron Dossett [R]	Rep. Joseph Fischer [R]
Sen. Sara Gregory [R]	Rep. Mike Harmon [R]	Rep. Stan Lee [R]	Rep. Donna Mayfield [R]
Rep. David Osborne [R]	Rep. Ryan Quarles [R]	Rep. Sal Santoro [R]	Rep. Alecia Webb-Edgington [R]
Rep. Addia Wuchner [R]	Rep. Jill York [R]

Date	Chamber	Action
2011-01-05		to Appropriations & Revenue (H)
2011-01-04		introduced in House

Type	Source
Summary	http://www.lrc.ky.gov/record/11RS/HB137.htm
Text	http://www.lrc.ky.gov/record/11RS/HB137/bill.doc