Budget compromise bill contains increased education funding, help for child care centers
UPDATED: The state’s next two-year budget is on its way to the governor. House Bill 6 has been in a Free Conference Committee where members…
Taxes & Budget
Senate unveils and passes its version of Kentucky’s next two-year budget
Senate Appropriations and Revenue Chair Chris McDaniel said Wednesday Kentucky has exercised discipline and made difficult decisions on budgets in recent years. And as a…
House budget bills move to Senate with amended language
The state’s next two-year budget is moving right along through the legislative process, as the House sent their versions over to the Senate this week….
Opportunities for Kentucky sales tax modernization and economic growth detailed in new Tax Foundation report
Ensuring that Kentucky’s sales tax excludes business transactions would support economic growth and strengthen recent state tax reform efforts, a new report by the Tax…
House Republicans unveil their version of state’s next two-year budget
Kentucky House Republicans recently filed their proposed two-year state budget focusing spending on education, infrastructure, public health, and public safety initiatives. The budget includes increased…
Kentucky’s tax climate ranking holds steady among the top 20 best in the nation
Kentucky’s national business tax climate ranking holds steady, as the Commonwealth and other states across the nation pass reforms to improve their overall tax competitiveness,…
Kentucky’s plan for tax reform working as intended
A vote to further reduce Kentucky’s individual income tax rate in the 2024 legislative session is unlikely, based on a new state government report released…
Commonwealth reports budget surplus
The Commonwealth of Kentucky has achieved a budget surplus for the third consecutive year, according to the office of the State Budget Director. In fiscal…
Tax savings opportunities now available for small business owners in Kentucky
Owners of some Kentucky small businesses now have access to a new opportunity to reduce their federal income tax liability, thanks to legislation passed by…
Revenue measure passed by full Senate
UPDATED: The legislature’s year-end revenue bill was heard and passed Monday in the Senate Appropriations and Revenue Committee with new language in a committee substitute…