KRS 132.212 — Veteran service organization qualifying as institution of public charity -- Not subject to ad valorem taxation

(1) A veteran service organization may qualify as an institution of purely public charity,
as expressed in Section 170 of the Kent ucky Constitution, if over fifty percent
(50%) of its annual net income is expended on behalf of military veterans and other
charitable causes.
(2) If a veteran service organization meets the qualifications in subsection (1) of this
section, its property assessed on January 1, 2022, shall not be subject to ad valorem
taxation from the state, county, city, school, or other taxing district in which it has a
taxable situs. This subsection does not apply to real property which is owned by the
veteran service or ganization and occupied by another entity or person for
compensation.