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

This bill would change the rules around a property tax exemption that currently applies to farm implements and farm machinery. Specifically, it proposes removing requirements related to who owns the equipment and how it is used in order to qualify for the exemption. This could affect which farm equipment qualifies for relief from state and local property taxes in Kentucky. Who it may affect: farmers and agricultural businesses that own or use farm implements and machinery.

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