AN ACT proposing an amendment to Section 170 of the Constitution of Kentucky relating to property exempt from taxation.

Propose an amendment to Section 170 of the Constitution of Kentucky increasing the homestead exemption up to an assessed valuation of $100,000 for owners with a permanent and total 100 percent service-connected disability rating by the United States Department of Veterans Affairs; make the exemption transferrable upon death to the surviving spouse; provide for the continued biennial inflation indexing of the homestead exemption; make various typographical changes of a nonsubstantive nature; state ballot question; submit to voters.