Bill to streamline business filing process moves forward

A bill that created to simplify the process of doing business in Kentucky passed the House State and Local Government Committee today. HB 277(Richards) requires the Secretary of State to create a standard form to be used by all local tax districts for the filing of returns of net profits, gross receipts and occupational license taxes. The current system consists of over 200 local taxing districts each with its separate and unique filing form, creating an administrative hassle for employers. The compromised bill came together thanks to officials from the Kentucky League of Cities and Kentucky Association of Counties working together with numerous business associations to make Kentucky a more business friendly state. The bill now awaits a vote by the full House of Representatives.   Please contact your legislator and urge their support for HB 277.