Taxes are complicated. In fact, it would be very difficult to concisely summarize all of the different taxation categories in the commonwealth in a single article like this (you can go to the Kentucky Department of Revenue’s website and check out all of the different subcategories under the drop-down menus on their main page if […]
Tag: tax reform
Posted inTop Stories
2024 Kentucky General Assembly session preview
Budget, public safety, workforce development, school choice top to-do list The Kentucky legislative process is political. That’s true both inside Republican and Democratic caucuses and in how the parties interact with each other. Bills can live or die by the clout of the lawmaker (or lawmakers) behind them. Then there is the state budget, which […]
Posted inFrankfort
House takes first steps to rid state of income tax
The Kentucky legislature took its first step to get rid of the state’s income tax when the House released House Bill 8 on Friday. The bill will slowly lower the state’s five percent income tax by one percent each year, with the first drop on Jan. 1, 2023. “Kentuckians, those here and those who will […]
Posted inUncategorized
BREAKING: Veto on Tax Reform Overriden by Kentucky Legislature
The legislative session is winding down and the last remaining items of the agenda are becoming a little more clear. The Kentucky House voted 57 to 40 to override Gov. Matt Bevin’s veto on House Bill 366 (tax reform bill), while the Kentucky Senate voted to override 20-18. Deb Sheldon and her dog, Beans, show […]
Posted inUncategorized
Here’s What’s at Stake if the Governor’s Vetos Stay
With a pension reform bill signed into law by Governor Matt Bevin and subsequent veto of bills covering the state budget (HB 200), CERS phase-in (SB 362) and tax reform (HB 366), public educators are again gearing up to make their voices heard in the state Capitol as the 2018 legislative session winds down. Schools […]
Posted inUncategorized
Gov. Bevin Just Vetoed The Budget and Tax Reform Bills, Here’s What’s Next
Gov. Matt Bevin made his intentions known today on the recently passed budget bill (HB 200) and tax reform bill (HB 366), when he addressed the Commonwealth in a nearly forty-minute address on his Facebook page. He plans to veto both bills. WATCH: Legislators estimated the tax bill they approved a week ago would raise […]
Posted inUncategorized
Senate Currently Debating Major Tax Reform That Would Raise Revenues, Fund Pensions
A 31-page document detailing the compromises for budget bill HB 200 was distributed by the Kentucky Senate Majority Caucus today. The free conference committee was tasked with negotiating the budget items from HB 200 after the House and Senate’s versions of the bill differed. The passage of the budget bill will now be dependent on […]