HB1398: Covington, City of; ad valorem tax; municipal purposes; provide homestead exemption

Legislative Summary

A BILL to be entitled an Act to provide a homestead exemption from City of Covington ad valorem taxes for municipal purposes in the amount of $10,000.00 of the assessed value of the homestead for residents of that city; to provide for definitions; to specify the terms and conditions of the exemption and the procedures relating thereto; to provide for applicability; to provide for compliance with constitutional requirements; to provide for a referendum, effective dates, and automatic repeal; to repeal conflicting laws; and for other purposes.