AN ACT relating to real property.

Amend KRS 132.010 and 136.010 to include certain types of mains, pipes, pipelines, and conduits in the definition of "real property" for taxation purposes; disallow claims for refunds or credits of tax overpayments from amended returns, tax refund applications or any other method related to the provisions of this legislation; apply to property assessed on or after December 31, 2022; RETROACTIVE.

Introduced: February 18, 2025

Last action: February 21, 2025

To Appropriations & Revenue (H)

Read the full text Kentucky Legislature LegiScan

AI-generated — always verify with primary sources

Plain-language summary

Beta

This bill changes how certain underground infrastructure, such as mains, pipes, pipelines, and conduits, is classified for tax purposes by defining them as real property. It applies this classification going back to assessments made after December 31, 2022, meaning the change is retroactive. It also blocks any businesses or property owners from filing for refunds or credits based on how taxes were calculated before this new definition takes effect. Who it may affect: companies and property owners that own or operate mains, pipes, pipelines, or conduits in Kentucky.

Open official bill text (PDF)·Report a problem with the summary