HB 122 AN ACT relating to revenue and declaring an emergency

About HB-122

Amends KRS 132.010 and 136.010, relating to certain property taxes, to include certain mains, pipes, pipelines, and conduits in the definition of “real property”; amends KRS 132.590 to declare that property valuation administrators (PVAs) are officers whose jurisdiction and duties are coextensive to that of the Commonwealth as stated in Section 246 of the Constitution of Kentucky, to update the PVA salary schedule, to prohibit PVA salaries from exceeding limits in the Constitution and adjusted for inflation by statute, and to provide that certain PVAs who did not receive an eight percent raise in July 2022 and who are still in office receive a lump-sum payment of eight percent of the sum received for the time between the effective date of the Act and July 1, 2022; amends KRS 138.477 to exempt charging stations with a charging capacity of less than 20 kilowatts from the electric vehicle power tax; and applies Section 1 of the Act retroactively to January 1, 2024; EMERGENCY.