February 19, 2014

Proposal for Tax Modernization Would Raise Kentucky $210M Annually

Written By

by Erica Horn

Governor Steve Beshear unveiled a proposal to modernization some of the commonwealth’s tax practices that would raise revenue for Kentucky’s General Fund of approximately $210 million annually after full implementation.

Beshear presented the proposal, Kentucky Competes, to legislative leadership and the Appropriations and Revenue Committee of the House of Representatives. He awaits a consensus before introducing any legislation. The proposal includes the following: