Kentucky taxes


Kentucky businesses will save about $165 million on federal unemployment taxes after state officials paid off a close to a billion dollar federal loan early.  


Support is swelling for a Kentucky House of Representatives bill that would return money to counties powered by the Tennessee Valley Authority, in order to help address economic development needs.


Kentucky's General Fund is on pace to meet its tax revenue goals for this fiscal year despite Kentuckians' cautious spending habits says a state official.

State Budget Director Jane Driskell says overall tax receipts are 2.6 percent higher than they were this time last year. The uptick is partially attributed to an increase in revenue from corporate and individual income taxes, which jumped 12.7 percent and 5.7 percent respectively. The fiscal year ends June 30.


One week from today is the tax filing deadline. More than one million of the expected 1.8 million Kentucky returns have been filed and processed. 

Pamela Trautner in the Kentucky Finance Cabinet said the vast majority of taxpayers are filing their returns electronically.

“Electronic filing has grown in popularity since Kentucky implemented that in 2003,” she said. “I think that year there were 50 percent who filed online. Last year there were 77 percent.”

Chad Lampe

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.