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HB 245

AN ACT proposing an amendment to Section 170 of the Constitution of Kentucky relating to property exempt from taxation.

2026 Regular Session Introduced by Kim Banta

HB 245 proposes amending Kentucky's Constitution to modify property tax exemptions, affecting state revenue and taxpayer obligations statewide.

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WeVote Research Nonpartisan
Bill Summary · HB 245

Legislative bill overview

HB 245 proposes an amendment to Kentucky's Constitution regarding property tax exemptions under Section 170. The bill would modify what types of property can be exempted from taxation, though the specific exemptions being added or removed are not detailed in the available bill information. This requires passage by the legislature and voter approval to become effective.

Why is this important

Property tax exemptions directly affect state and local government revenues, which fund schools, infrastructure, and public services. Changes to exemption policies can shift the tax burden between different property owners and classes (residential, commercial, agricultural, religious institutions, etc.), making this a financially significant constitutional matter. The outcome influences both public funding capacity and property owner tax obligations.

Potential points of contention

  • Revenue impact: Expanding exemptions reduces tax revenue for schools and local governments; restricting exemptions may affect specific constituencies (nonprofits, farmers, religious institutions, veterans)
  • Equity concerns: Different exemption levels create unequal tax burdens across property types and owners, raising fairness questions about who bears the tax load
  • Limited current information: The bill's specific exemption changes are unclear from available summaries, making it difficult to assess which groups would be affected and how significantly

Compiled from official sources — confirm details with the bill’s official record.

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