Blue Ribbon Tax Commission http://wfpl.org en Report: State Earned Income Credit Could Generate $134 Million for Kentucky Families http://wfpl.org/post/report-state-earned-income-credit-could-generate-134-million-kentucky-families <p>A Kentucky nonprofit says a state earned income tax credit would help working families—and it would help pay for itself.</p><p>Kentucky Youth Advocates released an issue brief Tuesday that says one in four Kentucky taxpayers could benefit from a new state earned income credit, which would piggyback onto the existing federal earned income credit.</p><p>KYA Executive Director Terry Brooks added that the proposal, which could cost up to $134 million per year in the form of tax rebates, would also put money back into local economies.</p> Tue, 03 Dec 2013 20:36:06 +0000 Jonathan Meador 7759 at http://wfpl.org Report: State Earned Income Credit Could Generate $134 Million for Kentucky Families Lawmakers Ready for Tax Reform Legislation, but Bill Unlikely This Session http://wfpl.org/post/lawmakers-ready-tax-reform-legislation-bill-unlikely-session <p></p><p><span style="line-height: 1.5;">Kentucky lawmakers seemed eager to dig into another tax reform bill this year, but the chair of the latest tax reform commission says reform isn't likely coming soon.</span></p><p>Lt. Gov. Jerry Abramson—who chaired <a href="/post/kentuckys-blue-ribbon-tax-commission-recommends-690-million-new-tax-revenues">the commission</a>—and Mary Lassiter, the secretary of the cabinet, addressed lawmakers on the budget committees about the recommendations of the Blue Ribbon Tax Commission.</p> Tue, 05 Feb 2013 22:15:25 +0000 Kenny Colston 3829 at http://wfpl.org Lawmakers Ready for Tax Reform Legislation, but Bill Unlikely This Session Report: Kentucky Tax System Unbalanced On Backs of the Poor http://wfpl.org/post/report-kentucky-tax-system-unbalanced-backs-poor <p></p><p><span style="line-height: 1.5;">A new report by the Institute on Taxation and Economic Policy shows a big gap between Kentucky’s income levels on who pays taxes.</span></p><p><span style="line-height: 1.5;">The report says Kentucky’s top 1 percent income bracket pays roughly 5 percent of the state’s income, while the bottom 20 percent pays 9 percent.</span></p><p><span style="line-height: 1.5;">(Read the <a href="/post/read-who-pays">report here.)</a></span></p><p> Wed, 30 Jan 2013 18:27:00 +0000 Kenny Colston 3705 at http://wfpl.org Report: Kentucky Tax System Unbalanced On Backs of the Poor Tax Commission Gets Final Reports as Deadline Draws Near http://wfpl.org/post/tax-commission-gets-final-reports-deadline-draws-near <p></p><p>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.</p><p>The commission met again today in Frankfort to hear some final reports from the Beshear administration on how Kentucky’s current revenue systems work.</p><p>State representative and commission member Jim Wayne says the reports served as another reminder of how far behind Kentucky has fallen.</p> Tue, 02 Oct 2012 20:35:13 +0000 Kenny Colston 1866 at http://wfpl.org Abramson Says Tax Commission Not Likely to Recommend Big Changes http://wfpl.org/post/abramson-says-tax-commission-not-likely-recommend-big-changes <p>The chair of Kentucky’s tax commission says a sweeping overhaul of the state's tax code isn't in the works.</p><p>Lieutenant Governor Jerry Abramson says, in his heart, he wants to see a major change in the tax code.</p><p>“But at the same time my brain tells that generally in state government things move incrementally forward,” he says, adding that a grand reform bill isn’t likely to pass the legislature.</p><p>And Abramson says throwing out and completely rewriting the state tax code, as state Senate President David Williams previously advocated for, is out of the question.</p> Wed, 15 Aug 2012 15:45:01 +0000 Kenny Colston 1324 at http://wfpl.org Abramson Says Tax Commission Not Likely to Recommend Big Changes State Tax Overhaul Panel Begins Regional Hearings http://wfpl.org/post/state-tax-overhaul-panel-begins-regional-hearings <p><em>From Chad Lampe, Kentucky Public Radio</em></p><p>Lieutenant Governor Jerry Abramson and Kentucky&rsquo;s Blue Ribbon Tax Commission are seeking public comment to help develop recommendations on overhauling the state tax code.&nbsp;</p> Wed, 30 May 2012 18:32:07 +0000 Rick Howlett 473 at http://wfpl.org State Tax Overhaul Panel Begins Regional Hearings