KY HB74

Proposes a constitutional amendment requiring voter approval through ballot questions before any new tax or fee, rate increase, or extension of an expiring tax can take effect at all levels of Kentucky government, including state, counties, special purpose districts, and municipal utilities

Caps annual government spending growth at the rate of inflation plus population change, with excess revenue required to be refunded pro rata to taxpayers unless voters approve otherwise

Mandates all government units maintain an emergency reserve of at least 3% of fiscal year spending, excluding bonded debt service

Allows emergency taxes only upon a two-thirds majority vote in both houses of the General Assembly, with unspent emergency tax revenue refunded within 180 days after the emergency ends

Requires ballot questions to include specific information: tax summary, what is taxed, rate, median annual cost to taxpayers, use of proceeds, and nonpartisan statements for and against