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Kentucky lawmakers prioritize income tax reduction in new 30-day session

share-iconWednesday, January 08 comment-icon2 weeks ago 9 views
News sources:
apnewsAPNEWS
Kentucky lawmakers prioritize income tax reduction in new 30-day session

Credited from: APNEWS

  • Kentucky's Republican-majority legislature began a 30-day session aiming to reduce the individual income tax rate.
  • Lawmakers plan to lower the income tax from 4% to 3.5%, effective in 2026.
  • The agenda includes addressing diversity, equity and inclusion (DEI) practices at colleges, which saw stalled legislation last year.
  • Governor Andy Beshear will present his priorities during the upcoming State of the Commonwealth speech.
  • Lawmakers are also considering improvements to Medicaid oversight and potential adjustments to the state budget.

Read more in the original article here.

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