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.
Kentucky’s Blue Ribbon Tax Commission has spent months learning how the state’s tax system works, and is now beginning to hammer out proposals to reform the state’s tax code.
The commission met again today in Frankfort to hear some final reports from the Beshear administration on how Kentucky’s current revenue systems work. State representative and commission member Jim Wayne says the reports served as another reminder of how far behind Kentucky has fallen. He says,
A group of three economists hopes to provide key input to Kentucky's tax commission this summer.
The Blue Ribbon Tax Commission picked three professors to act as consultants as the group considers changes to the state's tax code. Two are from the University of Kentucky and one is from the University of Tennessee.
UK professor William Hoyt will serve as the principal investigator. He says the selection was an honor, and his goal for the group is to produce a slew of options to the commission.
Early last month, Kentucky Governor Steve Beshear’s Blue Ribbon Commission on Tax Reform held its first meeting to begin the process of addressing a long-discussed issue in the Commonwealth. They’ll wrap up their workshops early next month and begin a series of public meetings around the state with a session in Paducah in late May. Tax reform is a complex and contentious set of issues, and to get some perspective on how the commission will navigate those issues, I sat down with one of its members, CSI Chairman and former board chairman of the Federal Reserve Bank of Saint Louis, John Will
Kentucky Governor Steve Beshear has appointed a 23-member ‘blue ribbon commission’ to study the state's tax system and propose a reform plan. The commission will be headed by Lt. Governor Jerry Abramson and will review the state's current tax system and make recommendations by November 15th. Beshear says the state needs to ensure it has a tax system that produces adequate revenue to meet Kentuckians’ needs. He also says tax revenue has been growing at a rate of 70 to 75 percent of the economy's growth and state government has cut spending by $1.3 billion.