Proposes amending Kentucky's Constitution to allow property tax exemptions.
Proposes an amendment to Section 170 of the Constitution of Kentucky to grant the General Assembly authority to exempt all or a portion of any class of property from taxation or to eliminate all or a portion of any state or local property tax. The amendment would be subject to voter approval at the next regular election. The proposed changes aim to provide flexibility in tax exemptions for various property classes, potentially impacting local and state tax revenues.
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