{"data":{"id":"us-ky/krs-140.310","jurisdiction":"us-ky","citation":"KRS 140.310","heading":"Assessment of agricultural or horticultural land for inheritance tax","body":"purposes.\n(1) Agricultural or horticultural land may be assessed at its agricultural or horticultural\nvalue in a decedent's estate for Kentucky inheritance tax purposes if the agricu ltural\nor horticultural land is qualified real estate and is passing to a qualified person or\npersons.\n(2) Agricultural or horticultural land which comprises a portion of the assets of a\ncorporation or partnership, and which is wholly owned by the decedent  or by the\ndecedent and qualified persons, the balance of the assets of said corporation or\npartnership being personal property entirely related to the use of agricultural or\nhorticultural land, may be assessed at its agricultural or horticultural value in  a\ndecedent's estate for Kentucky inheritance tax purposes for the agricultural or\nhorticultural rate for qualified real estate, if the stock in said corporation or\npartnership interest passes to a qualified person or persons.","path":["KRS Chapter 140"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=29016","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:33Z","sha256":"8050dc07e603667687d238f773545a98d655418277525fc04c69fe73d415ff56","source_id":"us-ky","stale":false,"prev":"us-ky/krs-140.300","next":"us-ky/krs-140.320"},"notice":"GroundRules: Original legal text. Not legal advice."}