Tagged: Blue Ribbon Tax Commission

  Kentucky's Blue Ribbon Tax Commission has wrapped up its work, but Governor Steve Beshear says the biggest challenge to revising the tax code still remains.

Tax reform is on the tip of the tongue every few years in Frankfort. But historically, not much has been accomplished. Beshear will get the commission's latest recommendations for tax reform this week. And it'll be up to him to convince lawmakers that the panel's work is worth turning into law.

The Blue Ribbon Commission on Tax Reform meets today to share its recommendations with Kentucky Governor Steve Beshear. Beshear appointed the commission earlier this year to suggest ways to simplify the tax code and generate enough revenue to meet state needs and carry Kentuckians through the recession.

What is expected to be the final meeting of Kentucky’s Blue Ribbon Commission on Tax Reform is set for next week in Frankfort. The commission members will finalize their recommendations for reforming the state’s tax code Dec. 6.

A tax reform panel appointed by Governor Steve Beshear is considering a proposal that would result in more retirees having their pensions taxed. Lieutenant Governor Jerry Abramson is chairman of the Blue Ribbon Commission of Tax Reform.  Abramson says members may recommend tweaking a policy that exempts annual pensions of $41,100 or less from taxes.

Kentucky Governor Steve Beshear’s Blue Ribbon Commission on Tax Reform has rejected a proposal to tax food at grocery stores. Consultants say a 6 percent tax could generate about $500 million each year. The 17-member commission dismissed it as a burden on the poor.  The Courier-Journal reports members met for nearly four hours yesterday to shorten a list of 96 recommendations.