HB 187 AN ACT relating to exempting property used in the deployment of advanced broadband technologies from state and local ad valorem taxation and declaring an emergency

About HB-187

Create a new section of KRS Chapter 132 to exempt property used in the deployment of advanced broadband technologies from state and local ad valorem tax for tax years beginning on or after January 1, 2019, but prior to January 1, 2023; add a purpose statement; require reporting by the taxpayer and the Department of Revenue; amend KRS 132.010 to define property used in the deployment of advanced broadband technologies; amend KRS 131.190 to allow reporting by the Department of Revenue to the Legislative Research Commission; EMERGENCY.