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HB 560 Kentucky House · 2026 Regular Session

AN ACT relating to funding school districts that have a high percentage of tax-exempt property.

Summary
Amend KRS 45.021 to require the Finance and Administration Cabinet to contract with each local board of education of a district that has 65% or more in tax-exempt real property and that does not receive financial relief from other sources for the tax revenue lost from the tax-exempt property, to provide for recoupment to the board of at least 25% of the local board of education's lost tax revenue from the tax-exempt properties.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill mandates recoupment of tax revenue lost by school districts due to tax-exempt property, directly supporting budget stability for education funding.95% confidence ✓ EducationSupports EducationRecoups 25% of lost tax revenue for school districts with high tax-exempt property, directly addressing funding stability for K-12 education.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
Governor
Introduced Feb 4, 2026 Last action Feb 11, 2026
Floor votes

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Full legislative history

Actions timeline

Total actions
3
Key actions
0
Committee
2
Feb 11, 2026
Committee
to Appropriations & Revenue (H)
lower
Feb 4, 2026
Committee
to Committee on Committees (H)
lower
Feb 4, 2026
Introduced
introduced in House
lower
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.