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Report

“Single Sales Factor” Would Cost Substantial Revenue Kentucky Needs for Investments that Work

Jason Bailey | February 20, 2014

A proposal included in Governor Beshear’s tax reform plan that would change the way Kentucky calculates state corporate income taxes for big multistate corporations would wipe out one-third of the corporate income tax revenue Kentucky needs for investments that will grow the state’s economy. Claims about the economic development benefits of such a change—which would base corporate income taxes solely on a company’s sales in Kentucky, ignoring its other assets—are unsubstantiated.

Single Sales Factor Brief

More On Budget & Tax: House Budget Plan Includes Largest Ever Cut to Federal Food Assistance  

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Perspectives

Slashing Federal Programs Would Deal Another Blow to Rural Kentuckians

Kentuckians Need a New Trade Policy, Not a Chaotic Trade War

Kentucky Voters Buried Private School Vouchers. One More Idea Must Die to Truly Reinvest in Our Public Schools

Our Leaders Should Give Thanks to Food Assistance, Not Deplete It

A Warning for Kentucky From the Devastating Impact of Vouchers on Arizona, Florida Public Schools

Other Budget & Tax Items

House Budget Plan Includes Largest Ever Cut to Federal Food Assistance  

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House Budget Plan Includes Largest Ever Cut to Federal Food Assistance  

Federal Cuts to Medicaid and SNAP Would Blow Massive Hole in State Budget

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Federal Cuts to Medicaid and SNAP Would Blow Massive Hole in State Budget 

doge cuts in kentucky

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Tracker: How the White House and DOGE Are Cutting Kentucky Jobs and Services 

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