2012-2014 biennium budget has not cut:
(1) eliminate or modernize $350,000,000 of State Tax Expenditures;
(2) eliminate estimated $400,000,000 of Corporate tax shelters;
(3) eliminate estimated 2,100 non-merit personnel making $100,000 or more = $100,000,000;
(4) Direct State Police Division Commercial Enforcement Officers to comply with June 1994 Ky supreme court ruling they are only state agency with motor vehicle KRS authority to compliance Kentucky motor vehicle titling and registration resulting in location, identity of an estimated 250,000 mis-registered Ky owned motor vehicles. Dept of Revenue can verify, initiate property tax appeals process, bill and collect estimated $300,000,000 due-and-owing uncollected Ky usage and property taxes!
(5) adopt Wayne's tax reform legislation to enhance state's tax resources
1.. update the income tax range to make it fairer;
2.. raise tax on people earning more than $75,000;
3.. provide 15 percent earned income tax credit for many poorer
people;
4.. tax services mainly used by wealthy people
5.. restore "death" tax on estates worth more than $1 million;
6.. eliminate personal and company income taxes; and
7.. cut sales tax rate from 6 percent to 5.5 percent;
8.. extend sales tax to most personal and professional services,
including commercial real estate leases;
9.. disallow sales tax on goods and services such as groceries,
housing and medical care.
STATE REPORT FINDS DISARRAY IN PROPERTY TAX SYSTEM
17 recommended Counties to be regional PVA counties are:McCracken ($125,710), Daviess ($126,085), Christian ($107,702), Warren ($126,085), Hardin ($119,545), Fayette ($112,711), Franklin ($115,192), Pulaski ($125,031), Jefferson ($132,404), KIPDA (Oldham $120,420), Kenton ($131,184), Mason ($97,645), Montgomery ($106,072), Greenup ($112, 391), Pike ($128,545), Perry (112,391), and Laurel ($119,605) for a total reduction in annual PVA savings of $8,693,000.
Currently, estimated 59,714,600 tax dollars goes to estimated 680 deputy PVA's. That figure should be reduced from $59,714,600 to $30,000,000, crating another annual savings of an estimated $30 million.
LAWMAKERS REVIEW PROPERTY TAX ADMINISTRATION EXPENSES FOR LOWERING PROPERTY ASSESSING COSTS IN 2012-2014 BIENNIUM BUDGET
BREAKING KY INTO 17 PVA REGIONS ABOVE takes into consideration KRS 132.609 annual valuation of PVA county's three classes of property assessments; i.e., a once-every-four-years county revaluation.
132.690 Annual revaluation of real property -- Quadrennial physical examination of real property. (Recommended changes 2011-2012)
(1) Each parcel of taxable real property or interest therein subject to [fair cash value] assessment [per June 8, 1965 Kentucky Court of Appeals directive styled Russman vs Luckett] by [the] [statutory state employee entitled Property Valuation Administrator whose sole duty is to locate, idenitfy, assess all taxable property in their county] property valuation administrator shall be revalued [and physically examined no less than once every four (4) years by the property valuation administrator in counties having 26,000 or more taxable parcels] during each year of each term of office by [the] property valuation administrator [or assigned Department of Revenue certified appraisers]at its fair cash value in accordance with standards prescribed by the Department of Revenue[.] and shall be physically examined no less than once every four (4) years by the property valuation administrator . In accordance with procedures prescribed by the Department of Revenue, the property valuation administrator [or specifically assigned Department of Revenue certified appraisers] shall submit an assessment schedule to the department and shall maintain a record of physical examination [and revaluation for each parcel of real property which includes, description of taxable property, previous value and current NEW valuation] in addition to other relevant information, the inspection dates[.][,} [name of individual appraisor's Department Of Revenue date of appraisal certification.]
(2) The right of any individual to appeal the assessment on his property in any year as provided in KRS 133.120 shall in no way be affected by this section.
(3) If the property valuation administrator fails to revalue property as required by this section, the Department of Revenue shall have the authority to order an emergency revaluation in the same manner as provided for emergency assessments by KRS 132.660[.] Any property valuation administrator willfully violating the provisions of subsection (1) of this section or who refuses to comply with the directions of the Department of Revenue to correct the assessment shall have his [or her] compensation suspended by the department and shall be [removed from having any official duties as PVA other than those defined by Department of Revenue] [office during subject to removal from office] as provided by KRS 132.370(4) and shall be subject to the provisions of KRS 132.620 and 61.120.
(4) Nothing in this section shall prohibit action by the Department of Revenue under the provisions of KRS 133.150 or 132.660 in any year in which the department determines such action to be necessary.
Effective: June 20, 2005
KRS 132.690 in 2011 makes it legal for PVA to only compliance 71,000 parcels out-of-2,090,980 (or less than 30%) ascertaining if these parcels in compliance with June 8, 1965 Court Of Appeals mandate.
History: Amended 2005 Ky. Acts ch. 85, sec. 219, effective June 20, 2005. -- Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 331, effective July 13, 1990. -- Amended 1988 Ky. Acts ch. 418, sec. 6, effective July 15, 1988. -- Amended 1980 Ky. Acts ch. 319, sec. 4, effective July 15, 1980. -- Amended 1979 (1st Extra. Sess.) Ky. Acts ch. 25, sec. 9, effective February 13, 1979. -- Created 1960 Ky. Acts ch. 186, Art. I, sec. 16, effective December 4, 1961.
2.. raise tax on people earning more than $75,000;
3.. provide 15 percent earned income tax credit for many poorer
people;
4.. tax services mainly used by wealthy people
5.. restore "death" tax on estates worth more than $1 million;
6.. eliminate personal and company income taxes; and
7.. cut sales tax rate from 6 percent to 5.5 percent;
8.. extend sales tax to most personal and professional services,
including commercial real estate leases;
9.. disallow sales tax on goods and services such as groceries,
housing and medical care.
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