Kentucky legislation · 2026 Regular Session
Kentucky HB137: AN ACT proposing to create a new section of the Constitution of Kentucky relating to property exempt from taxation.
Status: Chaptered, January 14, 2026
Propose to create a new section of the Constitution of Kentucky to provide homeowners who are 65 years of age or older with an exemption from any increase in the valuation of their permanent residence that is assessed after the later of the year the homeowner turned 65 or the year the homeowner acquired the property; require the exemption to be in addition to the exemption provided in Section 170 of the Constitution of Kentucky and notwithstanding Sections 171, 172, and 174 of the Constitution of Kentucky; apply the exemption to increases in valuation that occur after the date the amendment is ratified by the voters; provide ballot language; submit to voters for ratification or rejection.
What the bill says
An act proposing to create a new section of the Constitution of Kentucky relating to property exempt from taxation.
From the introduced text:
AN ACT proposing to create a new section of the Constitution of Kentucky relating to property exempt from taxation. Be it enacted by the General Assembly of the Commonwealth of Kentucky: Section 1. Are you in favor of providing an additional property tax exemption for the permanent residence of an owner who is 65 years of age or older by amending the Constitution of Kentucky to read as stated below? SECTION 2. IT IS PROPOSED THAT A NEW SECTION BE ADDED TO THE CONSTITUTION OF KENTUCKY TO READ AS FOLLOWS: For real property maintained as the permanent residence of an owner who is sixty-five years of age or older, there shall be exempt from the assessment of ad valorem taxation any increase in the valuation of the real property that is assessed after the later of the year the owner turns sixty-five years of age or the year the owner acquired the real property. This exemption shall be in addition to the exemption provided to the real property in Section 170 of this Constitution and is notwithstanding provisions in Sections 171, 172, and 174 of this Constitution to the contrary. Section 3. This amendment shall be submitted to the voters of the Commonwealth for their ratification or rejection at the time and in the manner provided for under Sections 256 …
Sponsors
- Wade Williams (R, HD-004) · primary sponsor
- Josh Branscum (R, HD-083)
- Kim King (R, HD-055)
Latest actions
- : to Elections, Const. Amendments & Intergovernmental Affairs (H)
- : to Committee on Committees (H)
- : introduced in House
Subjects: Elections And Voting, Secretary Of State, Taxation, Aged Persons And Aging, Local Mandate, Taxation, Property, Constitution, Ky., County Clerks
Common questions
- What is HB137?
- HB137 is a bill in the Kentucky Legislature (2026 Regular Session): AN ACT proposing to create a new section of the Constitution of Kentucky relating to property exempt from taxation.
- What does HB137 do?
- In its own words: An act proposing to create a new section of the Constitution of Kentucky relating to property exempt from taxation.
- What is the status of HB137?
- Chaptered as of January 14, 2026. Latest action: to Elections, Const. Amendments & Intergovernmental Affairs (H) (January 14, 2026).
- Who sponsored HB137?
- Wade Williams (R, HD-004), with 2 co-sponsors.
- Where is the official record for HB137?
- On the Kentucky Legislature website: https://apps.legislature.ky.gov/record/26rs/hb137.html
Source: official Kentucky record. Tracked by Delilah, AI for legislation across all 50 states and Congress.