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Form 740 Kentucky Department of Revenue Revenue Ky

Form 740 Kentucky Department of Revenue Revenue Ky

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a new law that would put more of your money in your pocket is in Jeopardy the state budget director says Kentucky didn't meet Financial triggers that would allow for a half percent cut in ky's income tax in February the Republican Le General Assembly approved a measure that would have lowered the income tax rate from 4 and a half% to four starting January 1st what the legislature tried to do was set up a uh responsible method for determining when to take uh uh they're not incremental steps they're real steps in reducing um uh income tax now they may revisit that uh but they certainly tried to put together um what they believed was a responsible framework Senate Majority Leader Damon there tells Fox 56 news while no decisions have been made quote it Remains the goal of the legislative Republicans to continue to cut the income tax

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