AN ACT relating to the farm implements and farm machinery ad valorem tax exemption.

Summary

The bill amends Kentucky’s tax code to exempt farm implements and farm machinery owned or leased by people actively engaged in farming and used on their farms from state and local ad valorem taxes. The exemption is added to an existing list of tax‑exempt property categories, reducing the tax burden on agricultural producers.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share