Lawmakers Questioning Tax Reform for Kentucky

 "Well I haven't heard many that I like so far. I have not seen a plan that can pass. I'm certainly not for putting more taxes on seniors, on retirees," said Rep. Jody Richards (D) Bowling Green.

If pension reform is the number one issue this legislative session, then tax reform is a very close second.

The Governor wants to increase revenue in the state, and he hopes tax reform will do it.

However, current proposals are met with mixed opinions, and when it comes to possible tax increases on retirees, there's bi-partisan support against it.

"Well I haven't heard many that I like so far. I have not seen a plan that can pass. I'm certainly not for putting more taxes on seniors, on retirees," said Rep. Jody Richards (D) Bowling Green.

"When you get into issues like taxing pensions and retirement benefits for folks when we haven't for many years, that's a very controversial subject. I really don't know that I feel strongly about doing things like that," said Rep. Michael Meredith (R) Brownsville.

The proposals could potentially create nearly 700 million dollars for the state.

Some of them include possibly taxing internet sales, luxury services, and working with income taxes.

"I do like the fact they have lowered the rates on both personal income and corporate income tax in the proposal," said Meredith.

Another option the state is looking at is raising the cigarette tax.

"It's a declining source of revenue, and I'm not sure how much state government we want to balance on the back of smokers that are out there. We certainly want to be concerned about not getting our cigarette tax above the adjoining states, that our retailers lose customers from within the state, and maybe customers they have from out of state now," said Rep. Wilson Stone (D) Scottsville.

Nothing is concrete yet, and currently there is no bill filed.

Speaker of the House Greg Stumbo said the House of Representatives will likely not have a bill on it during the regular session, but if the General Assembly goes into a special session, the issue could be addressed then.


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