Statement: HB 292 Creates Greater Accountability and Transparency for Tax Expenditures
HB 292, sponsored by Rep. Tipton, is a good government bill that establishes a structure for the General Assembly to...
Statement: HB 387 Undermines Business Tax Break Transparency and Accountability
In advance of a committee hearing scheduled for February 26, 2019, the content of this statement was sent to members of the House Economic Development and Workforce Investment Committee. HB 387...
Tax “Clean-Up” Bill Includes More Giveaways
Although House Bill 354 (HB 354) has been described as the “clean-up bill” that fixes the unintended consequences that occurred because of the rush in which the 2018 tax bills...
Bill Provides Huge Subsidy to Investment Companies and Does Not Require Return to Communities
The stated purpose of House Bill 203, a proposal in the 2019 General Assembly, is to encourage investment in Kentucky’s rural areas and to create and retain jobs. Although these...
Impending Loss of Federal Toll Credits Makes Kentucky’s Transportation Funding Hole Even Deeper
Over the past few years, there has been much discussion about the need for additional resources to support Kentucky’s crumbling transportation infrastructure. The funding hole that currently exists becomes even...
State Should Move Forward With Recommendations to Shed Light on Tax Expenditures
Kentucky loses more than $13 billion every year through tax expenditures – tax breaks, exemptions and exclusions that leave us with less money for investments in schools, infrastructure and other...
Repealing Combined Reporting in Kentucky Would Re-Open a Major Tax Loophole for Big Corporations
Since the end of the 2018 legislative session, there has been an ongoing effort by large, multistate corporations to repeal “combined reporting” – one of the few components of House...
Clean Up the Tax Code to Invest in Our Commonwealth
Cleaning up the tax code is one of the five key strategies in "An Economic Agenda for a Thriving Commonwealth." Tax-funded investments in good schools, robust services for communities and...
State Revenues Continue to Lag as a Share of the Economy and Recent Tax Changes Will Likely Worsen This Trend
As a share of the economy, Kentucky’s General Fund is worse off now than before the last positive effort to clean up the tax code and raise substantial new revenue...
Year End Revenues Below Original Projections and Concerns Going Forward
Kentucky ended the 2018 fiscal year with $119.1 million more in the General Fund than was predicted by the official revenue estimate. However, that estimate had been revised downward by...