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Mon July 23, 2012
Kentucky's Business Friendly Report
Kentucky is a business-friendly state when it comes to taxes. That’s according to a study authorized by the Legislative Research Commission and conducted by the Anderson Economic Group of Chicago.
Senior Consultant Caroline Sallee shared the findings with state lawmakers in Frankfort last week.
"We found that Kentucky's business are paying 18.2% taxes in share of profits, compared to 19.3% in other states. So, it's lower. We actually found Kentucky had a pretty competitive business tax environment. And that was actually confirmed by some of the interviews we had with the state selected consultants who said the same thing."
Sallee says the Commonwealth’s infrastructure is in pretty good shape, but is behind the curve when it comes to broad-band internet access.