HB590: AN ACT relating to the valuation of motor vehicles for property tax purposes and declaring an emergency.

Legislative Summary

Amend KRS 132.4851 to exempt a portion of the property taxes assessed on motor vehicles for the January 1, 2024, and January 1, 2025, assessment dates; mandate that the Department of Revenue and county clerks work together to establish procedures for refunds; RETROACTIVE; EMERGENCY.