Kentucky 2022 Regular Session Status: In Committee 4 R cosponsors

HB 447 — AN ACT relating to property taxation.

Last action — returned to Appropriations & Revenue (H)

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2022 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Amend KRS 132.020 and 132.200 to exclude aircraft not used in the business of transporting persons or property for compensation or hire from tangible property tax state and local rates; create a new section of KRS 132 to exempt aircraft not used in the business of transporting persons or property for compensation or hire; apply to property assessed on or after January 1, 2023.

Bill Text

How this bill changes current law

6 changes Share ↗

Compared against the Kentucky Revised Statutes as published AI-generated reading aid — verify against the official bill.

The bill amends existing property tax rates and classifications for certain properties while updating the taxation structure for historic motor vehicles.

  • KRS 132.020

    Aircraft not used in the business of transporting persons or property for compensation or hire;

    The tax classification for aircraft not used commercially has been removed.

  • KRS 132.020

    6. Aircraft not used in the business of transporting persons or property for compensation or hire;

    Tax exemption for non-commercial aircraft is no longer specified.

  • KRS 132.020

    6. Federally documented vessels not used in the business of transporting persons or property for compensation or hire, or for other commercial purposes;

    The distinction regarding federally documented vessels and their tax status has been clarified.

  • KRS 132.020

    One-tenth of one cent ($0.001) upon each one hundred dollars ($100) of value of all farm implements and farm machinery owned by or leased to a person actually engaged in farming and used in his farm operations;

    A new property tax classification has been added for farm implements and machinery at a significantly lower rate.

  • KRS 132.020

    Forty-five cents ($0.45) upon each one hundred dollars ($100) of value of all other property directed to be assessed for taxation shall be paid by the owner or person assessed, except as provided in KRS 132.030, 132.200, 136.300, and 136.320, providing a different tax rate for particular property.

    Clarifies the existing rate for other properties while ensuring exceptions are specified.

  • KRS 132.200

    Farm implements and farm machinery owned by or leased to a person actually engaged in farming and used in his farm operation;

    Establishes that farm machinery is specifically exempt from certain local taxes, aligning the definitions with those in KRS 132.020.

Action History

  1. returned to Appropriations & Revenue (H)

  2. 1st reading

  3. taken from Appropriations & Revenue (H)

  4. reassigned to Appropriations & Revenue (H)

  5. to Transportation (H)

  6. to Committee on Committees (H)

  7. introduced in House

Sponsors

Sponsorship breakdown

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6 sponsors · 0 co-sponsors · 132 not signed on

Sponsors (6)

Co-sponsors (0)

None.

Not signed on (132)

132 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB 447 do?
Amend KRS 132.020 and 132.200 to exclude aircraft not used in the business of transporting persons or property for compensation or hire from tangible property tax state and local rates; create a new section of KRS 132 to exempt aircraft not used in the business of transporting persons or property for compensation or hire; apply to property assessed on or after January 1, 2023.
Who sponsors HB 447?
HB 447 is sponsored by J. Dixon, Daniel Fister (Republican), DJ Johnson (Republican), William Lawrence (Republican), C. Massey, and Scott Sharp (Republican).
What is the current status of HB 447?
This bill died with 2022 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 447?
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Last checked for changes 2 months ago · updated continuously

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