Pennyrile Electric customers with more than one electric meter are receiving letters concerning a change in the state tax law passed by the Kentucky General Assembly.
The letter references a change made by House Bill 8 that calls for the taxation of a second dwelling or residence with a separate electric meter. The letter also contains a form that allows customers to apply for an exemption from the new tax in certain situations.
Pennyrile Electric’s Vice President of Member Services Brent Gilkey says not all of the cooperative’s customers will be affected.
click to download audioGilkey says most members will not receive a letter if they only have one electric meter on their property.
click to download audioHe adds the deadline to apply for the exemption is January 1, 2023.
click to download audioGilkey says another situation is for customers who own rental property.
click to download audioHe says if members need assistance or have questions about the new tax and potential exemption they can stop by or call one of the Pennyrile Electric offices. Gilkey adds exemption forms that can be downloaded from the Pennyrile Electric website.
