Kentucky Governor Considering Tax Reform
April 28, 2009
Kentucky Governor Steve Beshear (D) is supposed to be close to calling a special session in May or June to consider reforming the state tax code. One suggested basis would be introduced HB 51, which lowers to state sales tax from 6% to 5%, broadens its base, and eliminates the individual income, corporate income, and LLC taxes. Beneficiaries of many of the current exemptions have lined up against the package.