Taxing Betting Uniformly Would Generate Much-Needed General Fund Revenue
The 145th running of the Kentucky Derby was over quickly, but the revenue losses from Kentucky’s failure to uniformly tax...
2019 Session Tax Round Up – More Special Interest Tax Cuts Means Less To Invest
The Kentucky General Assembly ended the 2019 session with the passage of a pair of so-called tax "clean up” bills that make Kentucky’s precarious revenue situation worse. The first bill,...
Bank Tax Break Passed This Session Was Not What Proponents Claimed
One of the surprise provisions included in HB 354 - the tax clean-up bill that morphed into a tax giveaway bill – is a $56 million tax cut for banks....
Troubling Cost, Content and Process of 2019 Tax Bill
This week, the General Assembly passed HB 354 - which started out as a bill to address unintended consequences and administrative issues with last year’s hastily passed tax bill, but...
Conference Committee Agrees to Substantial New Tax Breaks in the “Tax Clean-Up Bill” – Digging Our Revenue Hole Even Deeper
The 2019 short session is in its final days and House Bill 354 (HB 354) - the “tax clean-up” bill, the original purpose of which was specifically to address unintended...
Big Cut to Bank Taxes Is Not Cleanup
With just 3 days left of the 2019 General Assembly before the veto recess, now is the time to be concerned about the appearance of last-minute legislation to benefit special...
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 know more about and better consider the purpose, cost and...
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...