Revenue Cabinet v. Estate of Field

OPINION

HUDDLESTON, Judge.

KRS 140.310(1) allows “qualified persons,” as defined by KRS 140.300(5), to assess farm land at its agricultural or horticultural value, rather than at its fair cash value, for inheritance tax purposes. The Kentucky Revenue Cabinet appeals from a Franklin Circuit Court judgment holding that the portion of KRS 140.310(1) which limits entitlement to an agricultural assessment to “qualified persons” is invalid because it conflicts with Section 172A of the Constitution of the Commonwealth of Kentucky. Because we are satisfied that the statute in question is not in…