Kentucky Bills

Amend KRS 75.040 to establish conditions under which a fire protection district or volunteer fire department district may exceed the maximum established tax rate; create a new section of KRS Chapter 75 to establish the procedure by which a fire protection district or volunteer fire department district may exceed the maximum tax rate set in KRS 75.040 by requiring a public hearing and notification to the public; establish the methods by which the public may recall the portion of the levy that increases the tax beyond the previous year's rate; exempt the rates from the provisions of KRS 132.023; amend KRS 75A.050 to establish conditions under which a fire district may exceed the maximum established tax rate; create a new section of KRS Chapter 75A to establish the procedure by which a fire district may exceed the maximum tax rate set out in KRS 75A.050 by requiring a public hearing and notification to the public; establish the methods by which the public may recall the portion of the levy that increases the tax beyond the previous year's rate; exempt the rates from the provisions of KRS 132.023; amend KRS 75.015 to conform; EFFECTIVE January 1, 2027.

HB 304 increases the soybean assessment rate from 0.25% to 0.5% of the net market price per bushel for soybeans sold within Kentucky. This change directly affects Kentucky soybean farmers, as the higher assessment is deducted from their payment at the first point of sale. The bill amends KRS 247.552 to set this new rate limit for assessments levied under Kentucky's soybean marketing program. The policy change is a straightforward adjustment to the existing assessment structure, with no additional provisions or exemptions described.