Kentucky House Bill 333 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on February 15 2023 - 25% progression, died in committee
Action: 2023-02-23 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]

Amend KRS 132.010 to add definitions for "government restriction on use," "low-income," and "multi-unit rental housing"; amend KRS 132.191 to allow the valuation of multi-unit rental housing that is subject to government restriction on use to be calculated using specific methods; disallow the inclusion of income tax credits in the methods; require the owner of the multi-unit rental housing to provide notifications and file a form with the property valuation administrator; allow penalty up to $200 for noncompliance; require the Department of Revenue to promulgate administrative regulations.

AN ACT relating to the valuation of multi-unit rental housing subject to government restriction on use.

Rep. Jason Nemes [R]

Rep. Samara Heavrin [R]

Date	Chamber	Action
2023-02-23	House	to Appropriations & Revenue (H)
2023-02-15	House	to Committee on Committees (H)
2023-02-15	House	introduced in House

Type	Source
Summary	https://apps.legislature.ky.gov/record/23RS/hb333.html
Text	https://apps.legislature.ky.gov/recorddocuments/bill/23RS/hb333/orig_bill.pdf