Kentucky lawmakers eye more tax breaks on final day

By  | 

FRANKFORT, Ky. (AP) -- Kentucky lawmakers have begun the final day of the 2019 legislative session by proposing some last-minute tax breaks for big companies and making changes to the state’s open records law.

The state legislature can only meet 30 legislative days during odd-numbered years. Thursday is the 30th day. The state House and Senate convened shortly after noon on Thursday.

State senators began the day by amending House bill 458 to allow companies with locations in multiple states to spread their losses evenly among subsidiaries. Republican Sen. Chris McDaniel said it would cost the state money, but said he did not know how much.

Senators also proposed protecting employees at the state Department of Revenue from criminal charges if they release taxpayer information pursuant to a court order.



 
Comments are posted from viewers like you and do not always reflect the views of this station. powered by Disqus