KY HB94 | 2014 | Regular Session
Status
Spectrum: Bipartisan Bill
Status: Engrossed on February 11 2014 - 50% progression, died in chamber
Action: 2014-03-27 - received in Senate
Text: Latest bill text (Draft #2) [MS Word]
Status: Engrossed on February 11 2014 - 50% progression, died in chamber
Action: 2014-03-27 - received in Senate
Text: Latest bill text (Draft #2) [MS Word]
Summary
Amend KRS 132.485 to clarify the standards for appraising the fair cash value of motor vehicles that are 20 years old or older, for property tax purposes, by providing that no vehicle of said age shall be presumed to have been maintained or restored to either the original factory condition or any otherwise classic condition unless information is available that warrants that finding, and also by establishing the standard value of said vehicles as being either the actual valuation of a vehicle in its nineteenth year for vehicles assessed for taxation in the Commonwealth in that year, or the clean trade-in value prescribed by the applicable edition of the valuation manual prescribed by the Department of Revenue for a vehicle in its nineteenth year if the vehicle was not assessed in the Commonwealth in that year, reduced by ten percent annually for each year beyond 19 years, unless information is available that warrants any deviation from that standard value; make technical corrections; declare that the Act shall apply to motor vehicles assessed on or after January 1, 2015.
Title
AN ACT relating to the valuation of motor vehicles for property tax purposes.
Sponsors
| Rep. Hubert Collins [D] | Rep. David Floyd [R] | Rep. Myron Dossett [R] | Rep. Thomas McKee [D] |
| Rep. Charles Miller [D] | Rep. Tim Moore [R] | Rep. Ken Upchurch [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2014-03-27 | Senate | received in Senate |
| 2014-03-27 | House | House refused to concur in Senate Committee Substitute, floor amendments (1) (2) and (3) |
| 2014-03-27 | House | posted for passage for concurrence in Senate Committee Substitute, floor amendments (1) (2) and (3) |
| 2014-03-27 | House | taken from Rules |
| 2014-03-26 | House | to Rules (H) |
| 2014-03-26 | House | received in House |
| 2014-03-25 | Senate | passed 38-0 with Committee Substitute, floor amendments (1-title) (2) and (3) |
| 2014-03-25 | Senate | committee amendment (1-title) withdrawn |
| 2014-03-25 | Senate | 3rd reading |
| 2014-03-24 | Senate | passed over and retained in the Orders of the Day |
| 2014-03-21 | Senate | posted for passage in the Regular Orders of the Day for Monday, March 24, 2014 |
| 2014-03-19 | Senate | floor amendment (3) filed to Committee Substitute |
| 2014-03-19 | Senate | 2nd reading, to Rules |
| 2014-03-18 | Senate | floor amendment (2) filed to Committee Substitute, floor amendment (1-title) filed |
| 2014-03-18 | Senate | reported favorably, 1st reading, to Calendar with Committee Substitute, committee amendment (1-title) |
| 2014-02-13 | Senate | to Appropriations & Revenue (S) |
| 2014-02-11 | Senate | received in Senate |
| 2014-02-10 | House | 3rd reading, passed 84-0-5 with Committee Substitute |
| 2014-02-05 | House | posted for passage in the Regular Orders of the Day for Thursday, February 6, 2014 |
| 2014-02-05 | House | 2nd reading, to Rules |
| 2014-02-04 | House | reported favorably, 1st reading, to Calendar with Committee Substitute |
| 2014-01-30 | House | posted in committee |
| 2014-01-07 | House | to Transportation (H) |
| 2014-01-07 | House | introduced in House |
