tax

Government
4:33 pm
Tue February 11, 2014

Beshear's Tax Reform Proposal in House Budget Committee Today, A Behind-The-Scenes Look

Lt. Governor Jerry Abramson
Credit Flickr

Lt. Gov Jerry Abramson presented a draft of Governor Steve Beshear's proposed tax code changes to the House budget committee today, which was first announced by Beshear last week. The changes, if fully implemented, could raise an estimated $210 million annually by expanding the 6% sales tax to select services, an increased tax on cigarettes from 60 cents to $1 dollar per pack, and reducing tax breaks on pensions for people earning more than $80,000. On Sounds Good, Kate speaks with policy analyst and member of the Governor's Blue Ribbon Committee on tax reform, Jason Bailey about the events of the day.

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Society
3:37 pm
Wed October 24, 2012

Providing Affordable Housing and New Taxpayers to Hopkins Co.

hopkinscountyhabitat.com

Habitat of Hopkins County has built 57 homes since 1990, involving families, many volunteers, and robust fundraising. Hopkins County Habitat for Humanity aims to build 4 new homes this year.  Its executive director Heath Duncan is with us on Sounds Good to talk about how they get this done with local volunteers and “caravaners.”

Business
9:45 am
Fri August 3, 2012

Tennessee Tax-Free Weekend

wikimedia

Tennesseans doing back-to-school shopping have the opportunity to stretch their dollars during this weekend’s annual sales tax holiday.  It started at 12:01 this morning and ends at one minute before midnight Sunday. Sales tax-exempt merchandise includes computers, clothing and an array of school supplies. The Tennessee Department of Revenue’s website has details for merchants and shoppers on exactly what items are tax-free.

Society
3:36 pm
Mon July 2, 2012

Henry County Wheel Tax Drop

Henry County, Tennessee, has reduced its county wheel tax by more than half two years ahead of schedule. The yearly tax went down from $34 to $15.50 this month with the start of the fiscal year. 

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Tennessee
9:25 am
Wed May 9, 2012

Tennessee State Revenue More than Budgeted

Tennessee has collected $190 million dollars more than budgeted so far this fiscal year. Finance and administration officials say April collections were 9.6 percent over those in April a year ago. Sales tax collections for April recorded their 25th straight month of growth. 

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Afternoon Update
4:15 pm
Fri May 4, 2012

Afternoon Round-Up 5/4/12

Jim from Clemson wikimedia commons

Today on NPR:  Caretaker Of Kentucky Derby Track To Retire

Around the Commonwealth:

The Blue Ribbon Tax Commission picked three professors to act as consultants as the group considers changes to the state's tax code.

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Afternoon Update
4:27 pm
Tue April 10, 2012

Afternoon Round-Up 4/10/12

Andreas Derleth of New Zealand was named Mr. Gay World 2012.
http://www.facebook.com/mgworg

Today on NPR:  For The First Time, Mr. Gay World Crowned In Africa

 

Kentucky Legislation:

A commission tasked with coming up with elements of a new tax code for Kentucky held its second meeting in Frankfort today.

Jackson Purchase:

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From the Capitol
2:44 pm
Tue April 10, 2012

Tax Commissions Hears Past Reports, Delays Picking A Consultant

Scott Steiner-Wikimedia

A commission tasked with coming up with elements of a new tax code for Kentucky held its second meeting in Frankfort today.

The group is chaired by Lieutenant Governor Jerry Abramson and is made up of business leaders from across the state.

During the all-afternoon meeting, the group received overviews of the dozen tax commissions that came before the current one.

And while giving the highlights, Greg Harkenrider, an economist in Governor Steve Beshear’s administration, told members that one change won’t cure all ills.

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Tax Deadlines Pushed Back
8:35 am
Mon April 9, 2012

KY Taxpayers Get Extra Days This Year to File

The Kentucky Department of Revenue is reminding taxpayers this year they’ll have two extra days to file their income taxes.  The 2012 deadline is April 17th because of Emancipation Day, a holiday observed in the District of Columbia which falls on Monday, April 16th.  By law, D.C holidays affect tax deadlines in the same way federal holidays do.  All valid six month extensions filed on or before April 17th will extend the due date for filing until October 15th.   Also, the IRS is postponing certain tax deadlines for those who reside or have a business in a disaster area until May 31st.

Rural Taxes 101
3:57 pm
Fri March 23, 2012

Tax Advice for Farmers

Floods in 2011 and this year’s tornadoes could complicate the tax returns filed by Kentucky farmers.  For example, when farmers receive an insurance check for damaged crops, IRS spokesman Luis Garcia says they must claim that money as income.  And, if bad weather forces the early sale of livestock, Garcia says that income can sometimes be claimed on next year’s tax return.

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