Beshear Offers Tax Overhaul Plan

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 2/04 4:11 pm
Gov. Steve Beshear has proposed sweeping changes to Kentucky's tax code that include lowering tax rates for individuals and businesses and expanding the sales tax to more services.

The state's cigarette tax would increase to $1 a pack under the plan.

Beshear said Tuesday his package includes 22 changes to the tax system. He calls it a "beginning point" in discussions with lawmakers to modernize the tax system to make Kentucky more competitive.

The Democratic governor proposes applying the state sales tax to labor charged to fix such personal property as automobiles and computers.

The sales tax also would apply to admissions to fitness centers and golf courses under the plan.

Beshear says his plan would increase state General Fund revenues by nearly $210 million per year once fully implemented.

Share
Most Popular
Tree Goes Through Family's Bedroom
Sunday afternoon around 3 p.m. on Carver Road a tree slams into a family’s home.
36 Blitz: Rowan Co. Vikings
Ray Graham Returns To School He Led During Early 80s Stint Video Video
Tornado Watch Extended For Parts Of Kentucky
The tornado watch has been allowed to expire for some counties as planned at 8 p.m. Sunday, but most of the watch has been extended until 2 a.m. Monday.
UPDATE: Lexington Man Found
Lexington Police found an elderly man missing.
Kentucky hospital live streaming video from NICU
A southern Kentucky hospital has begun live streaming video of newborns in its Neonatal Intensive Care Unit, allowing parents and staff to keep an eye on the babies.
Inergize Digital This site is hosted and managed by Inergize Digital.

WTVQ.com supports children's privacy rights. All persons under the age of 13 MUST have parental permission to use this website and direct parental supervision is strongly recommended.