Introduced

Passed House

Passed Senate

Became law

Adjourned sine die. The bill was pending when the session ended, so it did not pass.

Last action · February 21, 2025

To Appropriations & Revenue (H)

Introduced February 18, 2025

House

Adjourned Sine Die

2025 Regular Session

HB612

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.

Oil and Natural Gas Public Utilities Sewer Systems Taxation Taxation, Property Water Supply Retroactive Legislation Local Mandate

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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.

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