HB6: AN ACT relating to the valuation of motor vehicles for property tax purposes and declaring an emergency.
Legislative Summary
Amend KRS 132.485 to require the average trade-in value and not the rough trade-in value or clean trade-in value be used as the standard value of a motor vehicle for property tax purposes; grant tax refunds for tax overpayments; require posting of the tax refund information; apply to motor vehicles assessed or after January 1, 2022; RETROACTIVE; EMERGENCY.
Demographic Impact
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Bill History
Amendments
House Committee Substitute
House Committee Substitute 1
House Committee Substitute
Fiscal Note to House Committee Substitute 1
House Committee Substitute
Local Mandate to House Committee Substitute 1
Senate Committee Substitute
Senate Committee Substitute 1
Senate Committee Substitute
Local Mandate to Senate Committee Substitute 1
Roll Call Votes
Status Information
Sponsors
Primary Sponsor
