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City of Zanesville Income Tax Form

City of Zanesville Income Tax Form

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SMALL BUSINESSES. NEW AT 530 THE START OF 2023 MEANS NEW LAWS IN KENTUCKY, INCLUDING A CHANGE IN STATE TAXES. NOW, THIS YEAR, KENTUCKIANS WILL SEE SALES TAXES ON A RANGE OF NEW SERVICES, BUT WILL PAY LESS IN INCOME TAXES. THE NEW LAW IS PART OF HOUSE BILL EIGHT. ONE STEP IS TO ELIMINATE KENTUCKY’S INCOME TAX COMPLETELY. WLKY IS ALEXIS MATHEWS LOOKS AT THE IMPACT OF THE MEASURE FROM LAWMAKERS AND CONSUMERS. EFFECTIVE JANUARY 1ST, KENTUCKY’S NEW INCOME TAX RATE IS FOUR AND A HALF PERCENT, DOWN FROM THE PREVIOUS 5%. THE CHANGE COMES AFTER THE PASSAGE. HOUSE BILL EIGHT. THE LAW IS AN EFFORT TO GRADUALLY ELIMINATE INCOME TAX IN THE COMMONWEALTH, WHICH CONCERNS SOME LOUISVILLE LAWMAKERS. THE GREAT FEAR IS THAT BY REDUCING THE INCOME TAX, BY REDUCING STATE REVENUE BY MORE THAN $1,000,000,000, THAT WE WILL NOT BE IN A POSITION TO DO THE THINGS THAT OUR CITIZENS EXPECT US TO DO. THE IMPACT TO STATE FUNDED SYSTEMS LIKE MEDICAID, PUBLIC SCHOOLS AND PUBLIC SAFETY WORRY HOUSE REPRESENTATIVE JOS

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