Proposes property tax exemptions for veterans, first responders, and their surviving spouses.
Proposes adding a new section to the Constitution of Kentucky to exempt certain property from taxation. It would exempt 40% of the assessed valuation for veterans with a 100% service-connected disability, 30% for first responders with ten or more years of service, 20% for veterans with ten or more years of service, and 10% for disabled first responders. Surviving spouses would also qualify for exemptions if they do not remarry. The General Assembly can specify qualifications for these exemptions.
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