Kentucky Governor Steve Beshear's tax reform commission is scheduled to hold its first meeting public meeting next week. Beshear announced Friday members will meet at the Kentucky Transportation Cabinet headquarters in Frankfort tomorrow. The commission was set up to review the Commonwealth's tax code and recommend changes to better enable the state to withstand economic downturns and to make taxes more equitable for taxpayers. The recommendations are expected by November 15th.
A Murray Police Department investigation of a case of tax preparer fraud has led to one arrest and additional drug charges. Officers served a search warrant Monday afternoon at the business FO SHO DOUGH TAX following a tip of suspicious account activity by a local bank. A search of the business and residence of owner Silvia Jones turned up over 10,000 dollars in cash and four pounds of marijuana. Police arrested 20-year-old Anna Urquhari at the Jones residence on charges of trafficking marijuana.
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.
Governor Steve Beshear has put together a bipartisan group of 23 Kentuckians to serve on his tax commission.
The group is made up partially of lawmakers from each party, although they won’t be able to vote on commission issues. Other members include former University of Kentucky president Lee Todd, banker and Republican fundraiser Marion Forcht, and Louisville businessman Junior Bridgeman.
The commission's recommendations for changes to the state tax code are due by November 15, well after the current legislative session ends.