Kentucky GOP quickly pushes through big changes to state tax cut triggers, incentives

House Bill would make it easier to lower Kentucky income tax

FRANKFORT — Kentucky’s Republican-controlled House voted Tuesday to make sprawling changes to the state’s tax laws and also to make it easier for lawmakers to incrementally lower the state’s income tax rate in the future

Surprise 107-page bill wins House OK, would make it easier to lower Kentucky income tax • Kentucky Lantern

House budget committee chairman Jason Petrie, R-Elkton, said the new version of House Bill 775 would “begin a conversation” but he doubts “it survives the General Assembly's full process in its current iteration.” (LRC Public Information) FRANKFORT — Kentucky’s Republican-controlled House voted Tuesday to make sprawling changes to the state’s tax laws and also to make it easier for lawmakers to incrementally lower the state’s income tax rate in …

Kentucky GOP quickly pushes through big changes to state tax cut triggers, incentives

(Joe Sonka / KPR)Kentucky’s Republican supermajority slid a last-minute massive tax overhaul into a bill before it cleared a committee, and hours before it passed the House chamber Tuesday. The most significant change in the bill would make it easier to hit annual budget triggers for income tax cuts.House Bill 775 was previously a four-page bill allowing Louisville to create a small tax increment financing district, or TIF, within an existing la…

House Passes Revenue Measure, Including Income Tax Changes - The Bottom Line

On Tuesday, the Kentucky House passed House Bill 775, making several revenue changes related to tourism and economic development. However, a key provision would create more flexibility in the legislature’s approach to reducing individual income taxes. If adopted by the full General Assembly, House Bill 775 would give lawmakers the option to adopt incremental tax rate reductions under certain circumstances. Coining the measure as “micro-reduction…