Kentucky is joining other states and the federal government in a $614 million settlement with drug manufacturer Amgen to resolve its illegal marketing practices. Attorney General Jack Conway says Kentucky will receive more than $1.1 million in the settlement. After reimbursing the federal government, the state’s Medicaid program will retain almost $314,000.
Kentucky Attorney General Jack Conway is warning people to watch out for scams throughout the season of giving. Conway says donations to reputable charities can provide clothing or food for people who are struggling, but fraudulent groups take advantage of donors and prevent those who need help from receiving it.
Kentucky Attorney General Jack Conway joined an effort to urge Congress to extend tax relief to homeowners who have had mortgage debt canceled or forgiven because of a decline in housing values. Since 2007 mortgage debt that is forgiven after a foreclosure or short sale can be excluded from a taxpayer’s taxable income. But that exclusion will expire at the end of this year.