Kentucky legislation · 2026 Regular Session
Kentucky SB41: AN ACT relating to the levy of an ad valorem tax rate.
Status: In committee, March 10, 2026
Amend KRS 132.017, relating to the process for a recall of a local ad valorem tax rate, to define "school nickel tax rate"; require a petition process for recalling the levy of a school nickel tax rate; remove other taxes levied by local governmental entities from the petition process requirements; require an ad valorem tax levied by a local governmental entity and a general tax rate levied by a local board of education to be voted upon by the voters if the tax rate produces more than 4% in revenues over the revenues produced by the compensating tax rate; require the suspension of the ordinance, order, resolution, or motion levying the tax rate until after the required election; allow a local governmental entity or a local board of education to cancel a required recall election by reconsidering the levy and instead levying a tax rate that produces no more than 4% in revenues over the revenues produced by the compensating tax rate; specify ballot and public notification requirements for the election; provide that if a tax rate is recalled, the compensating tax rate shall be levied; amend KRS 68.245, 75A.050, 132.018, 132.023, 132.027, and 160.470 to conform; make technical changes; EFFECTIVE January 1, 2027.
What the bill says
An act relating to the levy of an ad valorem tax rate.
From the introduced text:
AN ACT relating to the levy of an ad valorem tax rate. Be it enacted by the General Assembly of the Commonwealth of Kentucky: Section 1. KRS 132.017 is amended to read as follows: (1) As used in this section: (a) "Local governmental entity" includes a county fiscal court and legislative body of a city, urban-county government, consolidated local government, charter county government, unified local government, or other taxing district;[ and] (b) "Next regular election" means the regular election that occurs immediately after all statutory requirements for levying a property tax rate have been met, regardless of whether the election occurs in the same or a subsequent calendar year as the levy of the property tax rate; and (c) "School nickel tax rate" means a five cents ($0.05) equivalent tax rate that and 2. Levied by a local board of education for the purpose of supporting debt service, new facilities, or major renovation of existing facilities. (2) (a) 1. Except as provided in subparagraph 2. of this paragraph,[ the portion of] a school nickel tax rate levied by a local[an ordinance, order, resolution, or motion of a local governmental entity or district] board of education[ subject to recall as provided for in KRS 68.245, 132.023, 132.027, and 160.470,] shall go into effect forty-five (45) days after its passage. 2. When …
Sponsors
- Gary Boswell (R, SD-008) · primary sponsor
Latest actions
- : to Committee on Committees (H)
- : received in House
- : 3rd reading, passed 26-9
- : passed over and retained in the Orders of the Day
- : posted for passage in the Regular Orders of the Day for Friday, March 06 2026
- : 2nd reading, to Rules
- : reported favorably, 1st reading, to Calendar
- : to Appropriations & Revenue (S)
- : to Committee on Committees (S)
- : introduced in Senate
Votes
- Senate: PASS SB 41 RSN# 3895 (March 9, 2026): 26 yea, 9 nay, passed
Subjects: Property, Special Districts, Elections And Voting, Education, Elementary And Secondary, Special Purpose Governmental Entities, Taxation, Fiscal Note, Local Mandate
Common questions
- What is SB41?
- SB41 is a bill in the Kentucky Legislature (2026 Regular Session): AN ACT relating to the levy of an ad valorem tax rate.
- What does SB41 do?
- In its own words: An act relating to the levy of an ad valorem tax rate.
- What is the status of SB41?
- In committee as of March 10, 2026. Latest action: to Committee on Committees (H) (March 10, 2026).
- Who sponsored SB41?
- Gary Boswell (R, SD-008).
- Where is the official record for SB41?
- On the Kentucky Legislature website: https://apps.legislature.ky.gov/record/26rs/sb41.html
Source: official Kentucky record. Tracked by Delilah, AI for legislation across all 50 states and Congress.