SB351: AN ACT proposing to create a new section of the Constitution of Kentucky relating to exempting the homesteads of veterans and surviving spouses from taxation.

Legislative Summary

Propose to create a new section of the Constitution of Kentucky to exempt from property taxation the homesteads of veterans who were honorably discharged and certified as having a service-connected permanent and 100 percent total disability and the homesteads of the surviving spouses of Armed Forces' members who died from service-connected causes while on active duty; apply to real property assessed on or after January 1, 2025; provide ballot language; submit to voters for ratification or rejection.