Corporations Shouldn’t Get Pass on Local Option Sales Tax
Large, profitable corporations are now saying they shouldn't have to pay their share if the legislature moves forward with putting...
State Tax and Budget
Misclassification Harms State Budget as Well as Workers
House Bill 256 would help Kentucky workers as well as the state’s budget by cracking down on the growing problem of misclassification of workers as independent contractors, with a focus...
Map Shows How HB 374’s State EITC Would Help Working Families and Communities Across Kentucky
By closing several corporate tax loopholes, House Bill 374 would enable the state to invest in an Earned Income Tax Credit (EITC) for Kentucky’s working families. The state EITC would...
Expanding Kentucky’s Film Tax Credits Not a Strategy that Will Pay Off
Despite their cultural appeal, generous film tax credits—like the one in Kentucky that HB 340 in the 2015 General Assembly proposes to expand—aren’t a cost effective strategy to generate jobs,...
Aspects of Heroin Bills Would Increase State Costs But Have Little Expected Impact on Crime
Amid Kentucky’s heroin crisis, a number of bills have been filed for the 2015 legislative session to address the problem. However, some aspects of what is being proposed would work...
Kentucky’s Upside Down Tax System Asks the Least of Those at the Top
In Kentucky, the wealthiest residents pay the lowest overall state and local tax rate as documented in a new edition of a study by the Institute on Taxation and Economic...
Gas Tax Formula Needs Change to Protect Investments in Infrastructure
A drop in the price of gasoline means that, come January, Kentuckians will also pay 4.3 cents less per gallon in gas taxes. But while many drivers won’t even notice...
Despite Exemptions, Kentucky’s Sales Tax is Still Regressive
Some proponents of a local option sales tax are making the claim that the regressive nature of the sales tax is taken care of in Kentucky because the state exempts groceries...
Refinancing KTRS Debt a Sensible Step Toward Addressing Budget Challenge
Because of the recession and subsequent shortfalls in the state’s annual contributions to the Kentucky Teachers’ Retirement System (KTRS), the system’s liability is growing and the problem is becoming more...
Is Another Budget Shortfall in the Works?
One-third of the way through the budget calendar, the state is on track for a revenue shortfall if growth doesn't pick up for the remainder of the year. According to a...