HB 560

Kentucky House of Representatives bill in Session 26RS.

Status: in_committee. Latest action: February 11, 2026.

AN ACT relating to funding school districts that have a high percentage of tax-exempt property.

Bill ID KY-26RS-HB-560
Session 26RS
Status in_committee
Committee Appropriations & Revenue
House of Representatives in_committee 2026-02-11
Education Tax / Budget / Appropriations
Summary

Amend KRS 45.021 to require the Finance and Administration Cabinet to contract with each local board of education of a district that has 65% or more in tax-exempt real property and that does not receive financial relief from other sources for the tax revenue lost from the tax-exempt property, to provide for recoupment to the board of at least 25% of the local board of education's lost tax revenue from the tax-exempt properties.

Sponsor
Erika Hancock
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-02-04 Introduced Bill introduced
2026-02-11 Status in_committee
2026-02-11 Latest Action 02/11/26: to Appropriations & Revenue (H)
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