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Kentucky News
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TAX REFORM
Beshear's plan to revamp Kentucky's tax code gets first review by legislative panel

Reported by: Associated Press
Reported: Tuesday, February 11, 2014 1:27 PM EST
FRANKFORT, Ky.


Gov. Steve Beshear's plan to revamp Kentucky's tax code has undergone its first round of public scrutiny by a legislative committee.

The House Appropriations and Revenue Committee heard a presentation from Lt. Gov. Jerry Abramson on the 22-point plan Tuesday. Abramson called it the governor's "best shot" to present a balanced approach to enhance Kentucky's competitiveness with an updated tax system.

The wide-ranging plan drew a series of questions and comments from committee members.

Rep. Jim Wayne worried the proposal to extend the state's 6 percent sales tax to some services could hit low-income Kentuckians especially hard.

Rep. Jody Richards warned that reducing a pension income tax break for wealthy retirees would eat into pensions that dwindle as people live longer.

The panel took no vote on the package.










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