Tagged: Commission On Tax Reform

LOUISVILLE, Ky. -- A panel appointed by Gov. Steve Beshear to review Kentucky's tax system on Monday recommended dozens of changes that include lowering individual and corporate tax rates, raising the cigarette tax and expanding the sales tax to certain services.

Changes suggested by the Governor's Blue Ribbon Commission on Tax Reform would generate about $659 million in additional state revenue each year, said Lt. Gov. Jerry Abramson, who headed the group that spent months studying the state's tax code.

FRANKFORT, Ky.  -- Smokers would pay more for their cigarettes under a proposal endorsed Monday by a panel appointed by Governor Steve Beshear.

The Blue Ribbon Commission on Tax Reform gave an initial OK to increasing the cigarette tax to $1 a pack from the current 60 cents.

The news wasn't welcomed at Bo's Smoke Shop in Lawrenceburg, where the price for a pack of the most popular Marlboro cigarettes would increase to $5 a pack.

LEXINGTON, Ky. -- The Chairman of the Governor’s Commission on Tax Reform says the panel will likely need more time to complete its work. 

Speaking Tuesday to the Prichard Committee for Academic Excellence, Lieutenant Governor Jerry Abramason said progress is being made on key revenue issues, but that more discussion is needed to finalize a report.  He doesn't think the report will be ready by November 15th as originally planned.