Local/Regional News
2:43 pm
Tue February 11, 2014

Ky. Lawmakers Start Review Of Tax Overhaul Plan

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

Lieutenant Governor Jerry Abramson
Credit photo provided

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.