Kentucky Statutes 132.202 – Tax on municipal solid waste disposal facility’s real and tangible personal property
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(1) As used in this section, “municipal solid waste disposal facility” has the same meaning as in KRS § 224.1-010.
(2) (a) All municipal solid waste disposal facilities shall be assessed by the department as of January 1 each year.
(b) The department shall have sole power to value and assess the tangible personal property and real property of all municipal solid waste disposal facilities.
(c) The department shall bill and collect all ad valorem taxes on municipal solid waste disposal facilities and shall divide, allocate, and distribute the tax receipts.
(3) (a) The authority of the department to assess and tax the property of a municipal solid waste disposal facility shall be limited to taxable real property and tangible personal property.
(b) The real and tangible personal property shall be assessed and taxed in the same manner as real and tangible personal property of all other taxpayers under KRS Chapter 132, excluding KRS § 132.030.
(c) The department shall promulgate administrative regulations under KRS Chapter 13A to implement a valuation methodology for municipal solid waste disposal facilities.
Effective: July 15, 2016
History: Created 2016 Ky. Acts ch. 93, sec. 1, effective July 15, 2016.
(2) (a) All municipal solid waste disposal facilities shall be assessed by the department as of January 1 each year.
Terms Used In Kentucky Statutes 132.202
- Department: means the Department of Revenue. See Kentucky Statutes 132.010
- Personal property: All property that is not real property.
- Personal property: includes every species and character of property, tangible and intangible, other than real property. See Kentucky Statutes 132.010
- Year: means calendar year. See Kentucky Statutes 446.010
(b) The department shall have sole power to value and assess the tangible personal property and real property of all municipal solid waste disposal facilities.
(c) The department shall bill and collect all ad valorem taxes on municipal solid waste disposal facilities and shall divide, allocate, and distribute the tax receipts.
(3) (a) The authority of the department to assess and tax the property of a municipal solid waste disposal facility shall be limited to taxable real property and tangible personal property.
(b) The real and tangible personal property shall be assessed and taxed in the same manner as real and tangible personal property of all other taxpayers under KRS Chapter 132, excluding KRS § 132.030.
(c) The department shall promulgate administrative regulations under KRS Chapter 13A to implement a valuation methodology for municipal solid waste disposal facilities.
Effective: July 15, 2016
History: Created 2016 Ky. Acts ch. 93, sec. 1, effective July 15, 2016.