Governor Steve Beshear is appointing a commission that will look at Kentucky's tax code and suggest improvements. He says Lieutenant Governor Jerry Abramson will lead the commission.
The governor says while the Tax Foundation ranked Kentucky 19th best in business tax climate, he says there's always room for improvement. He says the commission has five goals: to make the tax code fair, to make Kentucky more competitive, to make the tax code simple, to make it elastic so that revenue mirrors economic performance, and to make the tax code adequate to fund necessary state programs.
The commission will work several months, with recommendations expected by the 2013 General Assembly session.