KY HB587

Proposes a constitutional amendment to allow the General Assembly to create a property tax exemption for the permanent residence of U.S. Armed Forces veterans with service-connected disabilities

If enacted, the legislature would determine the exemption amount, eligibility qualifications, and whether the exemption transfers to a veteran's surviving spouse

Limits each permanent residence to only one exemption under this section

Prohibits combining this exemption with exemptions under Section 170 of the Kentucky Constitution, and overrides contrary provisions in Sections 171, 172, and 174

Requires voter ratification at the next regular General Assembly election, with the Secretary of State publishing the amendment no later than the first Tuesday in August before the election