Republican supermajorities in the Kentucky General Assembly are expected to begin the 2025 legislative session the same way they began the 2023 session with a popular bill that will cut the state income tax rate by one-half of 1 percentage point. In 2023 the legislature cut the individual income tax rate from 4.5% to 4%, […]
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State revenue is forecast to decline as Kentucky lawmakers prepare another income tax cut
A projected dip in state tax collections appears not to have dimmed Republican leaders’ eagerness to again cut Kentucky’s income tax. Kentucky Senate President Robert Stivers on Saturday said continuing to reduce the individual income tax rate — this time from 4% to 3.5% — remains the Republican supermajority’s No. 1 priority in the upcoming […]