HB560Introduced in the House
AN ACT relating to funding school districts that have a high percentage of tax-exempt property.
Introduced by Erika Hancock, District 57
What does this bill do?
Plain-English breakdown
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Official description
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.
Where it stands
to Appropriations & Revenue (H)
February 11, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
introduced in House
to Committee on Committees (H)
to Appropriations & Revenue (H)
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