There were several notable tax developments from the Kentucky 2022 regular session, including House Bill 260 (“HB 260”) which did not pass and House Bill 8 (“HB 8”) which was enacted over the Governor’s veto.

Many were closely watching HB 260, which proposed drastic amendments to methods used to value property for real property tax assessment purposes. The taxpayer and property tax practitioner community believed that HB 260 would have, among other things, improperly statutorily overridden the constitutional standard of fair cash value of real property developed through case law over the course of decades. This property tax bill was amended and passed by the House but rejected by the Senate, becoming the latest iteration rejected by the General Assembly. It is curious why such an anti-taxpayer bill keeps resurfacing. Perhaps it may now be dead for good?

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