Kentucky’s national business tax climate ranking holds steady
Kentucky’s tax code continues to receive high marks in a national business tax climate index after years of low rankings. In the Tax Foundation’s 2023…
Taxes & Budget
Tax reform puts Kentucky on a trajectory to compete for workers, jobs, and economic opportunity
At the interim joint Appropriations and Revenue Committee meeting Wednesday, Kentucky Chamber Center for Policy and Research Executive Director Dr. Charles Aull and Tax Foundation…
Kentucky meets budget goals needed to lower individual income tax to 4.5% in January 2023
During the 2022 session, the General Assembly took action to begin gradually lowering Kentucky’s individual income tax. The legislation included goals the state must meet…
Tax deadlines extended for employers in Eastern Kentucky
The Internal Revenue Service and Kentucky Department of Revenue have announced extensions of tax filing deadlines for individuals and businesses impacted by the recent flooding…
Senate Committee Approves Taxpayer Relief Proposal
In an effort to provide relief to Kentuckians amid the rapid rise of inflation, the Senate Appropriations and Revenue Committee on Thursday approved Senate Bill…
Beshear signs executive order to freeze vehicle property tax, proposes lower sales tax legislation
Kentucky Gov. Andy Beshear signed an executive order Wednesday freezing vehicle property tax rates. This is an issue the legislature has been working on and…
House passes their budget plans with increased funding for education, unemployment insurance, pensions, transportation, and more
The budgeting process is underway in the 2022 session much earlier than usual. The House introduced their version of budgets in the first week of…
Governor signs bill providing tornado relief funds, discusses public safety budget priorities
Following the devastating tornadoes that swept through Kentucky in December 2021, a bill providing millions of dollars in aid to local communities was signed into…
Health care workers and mental health top priorities of Beshear’s budget proposal
In his third budget preview Wednesday, Kentucky Gov. Andy Beshear laid out his plan for health care spending in the next two-year state budget. The…
Beshear announces proposed investments in infrastructure and other areas to capitalize on growth opportunities
Kentucky has seen record investments from companies in the last year. Kentucky Gov. Andy Beshear says he wants to see the state continue to grow…