Kentucky Governor Proposes Tax Overhaul Plan

According to a press release issued by his office, Kentucky Governor Steve Beshear has proposed a plan to overhaul the state's tax code. The plan is based on recommendations issued in late 2012 by the Blue Ribbon Commission on Tax Reform. Beshear says that the goals of the proposal are to modernize the tax code, reduce income rates and position the state for job growth. “Kentucky’s current tax code hampers our people and our businesses, preventing us from growing the economy we need and deserve,” Gov. Beshear said. “This plan simplifies our tax code, creates an even more attractive business climate for current and future businesses, and offers some relief to every working Kentuckian.”

Read the full press release HERE.