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Ky Fillable in 725 Form

Ky Fillable in 725 Form

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welcome back now we turn our attention to inside the capital in Frankfurt and inside your wallet in 2022 Kentucky lawmakers passed a plan to begin a long-term Marge to a 0% income tax then it was 5% today it's down to 4% after the state hit economic triggers first set up when the plan was proposed under 2022 House Bill 8 last year the state did not hit economic triggers for another half% cut in 2025 but many lawmakers say that the budget passed this year will keep the state's finances on track for another cut in 2026 however multiple reports this week suggested the goal could be shifting on eliminating the income tax entirely a 3% income tax is the likely number being discussed by lawmakers with any further cut possibly affecting the state's ability to financially operate Jason Bailey is executive director of the Kentucky Center for economic policy and has long been opposed to the plan I think that it it's really difficult to eliminate your largest reven

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