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Kentucky Center for Economic Policy

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Report

Closing Corporate Tax Loopholes to Fund Investments in Kentucky Families

Jason Bailey | February 10, 2015

EITC graphic 10House Bill 374 would close several corporate tax loopholes that allow some profitable corporations to avoid paying their fair share of taxes, and use the resources to fund a tax credit for Kentucky’s working families. The bill targets strategies that major corporations use to artificially shift profits to subsidiaries in no- or low-tax states or foreign tax havens. It would generate $66 million to fund a state Earned Income Tax Credit (EITC), a proven tool to help lift working families out of poverty. HB 374 is a step toward the kind of tax reform Kentucky needs.

Corporate Loopholes EITC

More On Budget & Tax: Here’s How the House Budget Would Affect Seek Payments to Your School District

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Perspectives

There Is a Choice Hidden in the Pages of the Next State Budget

Affordability Is a Crisis for Kentuckians. Here’s What State Leaders Can Do About It.

The Fight in D. C. Is About Making Life, and Health Care, More Affordable 

Make No Mistake, The Big Beautiful Bill Weakens Medicaid

The BlueOval SK Union Vote Is a Fight for All Kentucky Workers

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Kentucky Could Meaningfully Reinvest in Public Education

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Here’s How the House Budget Would Affect Seek Payments to Your School District

General Assembly Should Fix Underfunding of School Transportation This Session

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General Assembly Should Fix Underfunding of School Transportation This Session

version 2 of the house budget

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House Proposes Still-Austere Budget That Freezes and Cuts Funding, Adds to Already Large Budget Reserves

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