AN ACT relating to the valuation of motor vehicles for property tax purposes and declaring an emergency.
It became law on Mar 10, 2022.
- Stage
- Became law
- Started in
- House
- Sponsors
- 50
- Latest action
- Mar 10, 2022
What it does
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.
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What moved
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Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
Once a bill is decided, the questions are about what is done with it in Kentucky.