Kentucky SB 40: AN ACT proposing an amendment to Section 170 of the Constitution of Kentucky relating to property exempt from taxation. Propose an amendment to Section 170 of the Constitution of Kentucky increasing the homestead exemption from the current inflation-adjusted amount of $37,600 to the full assessed value of the property for owners with a permanent and total one hundred percent service-connected disability rating by the United States Department of Veterans Affairs; make the exemption transferrable upon the veteran's death to the surviving spouse; add the continued biennial inflation indexing of the homestead exemption amount; make various typographical changes of a nonsubstantive nature; state ballot question; submit to voters.

Status: To State & Local Government (S) (as of 2018-01-03)

State: Kentucky · Session: 2018RS · Bill: SB 40

Sponsors: A. Kerr, D. Harper Angel, D. Parrett, R. Thomas, W. Westerfield

View Kentucky SB 40 on LegisTrack → — full text, sponsors, votes, campaign finance, and cross-state matches.