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2013 KY General Assembly
Wed February 20, 2013
Stumbo Says No Tax Reform This Session
Kentucky House Speaker Greg Stumbo says he doesn't expect a tax reform package vote during the current legislative session. Stumbo says such a package doesn't have the 60 votes necessary to pass in the House.
A special commission appointed by the governor proposed reforms that could generate almost $700 million a year in additional revenue.
Stumbo says one of those proposals could surface in days ahead as a method of shoring up Kentucky's weakening pension system for government retirees. It calls for raising the cigarette tax from 60 cents to $1 per pack, which could generate $100 million for the pension system.
A special session on tax reform is possible if lawmakers adjourn without taking action. Gov. Steve Beshear says he’s glad lawmakers talking pension solutions