Ky. Rev. Stat. § 140.330
Current through 2024 Ky. Acts ch.225
In the event the qualified real estate is reported for inheritance tax purposes at its agricultural or horticultural value and that real estate has been assessed at its agricultural or horticultural value for ad valorem tax purposes, then that assessment shall be presumed to be its agricultural or horticultural value for inheritance tax purposes. If, however, the real estate has not been so assessed for ad valorem tax purposes, then the agricultural or horticultural value shall be determined pursuant to KRS Chapter 132 and such regulations as may be promulgated by the Department of Revenue to determine horticultural or agricultural value for inheritance tax purposes.
KRS 140.330
Amended 2005, Ky. Acts ch. 85, sec. 469, effective6/20/2005. -- Amended 1980 Ky. Acts ch. 402, sec. 2, effective 7/15/1980. -- Created 1978 Ky. Acts ch. 138, sec. 8, effective 7/1/1978.