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Income Tax Cut Expected to Be a Top Priority
Another cut in Kentucky’s income tax is rolling as Republicans advance House Bill 1
Republican lawmakers wasted no time advancing a bill on the second day of this year’s legislative session to further reduce Kentucky’s individual income tax rate. The bill is a top GOP priority and would move Republicans closer to their goal of eventually eliminating the tax altogether.
Income tax cut expected to be a top priority as Kentucky lawmakers convene for a 30-day session
Kentucky’s Republican-dominated legislature has convened to start a 30-day session that’s expected to include action to reduce the state’s individual income tax rate
Map Shows 9 States Where Income Tax Is Cut For 2025
The number of U.S. states which have introduced a flat individual income tax rate has grown significantly in recent years. In 2013, only 9 states had a flat rate; in 2024, they had grown to 14; now they're a total of 16. It's likely that this trend will continue in the future.
House committee advances bill to cut Kentucky income tax rate to 3.5%
The bill would lower Kentucky’s individual income tax rate from 4% to 3.5% in 2026, projected to lower state revenue by $718 million annually.
Not total déjà vu, but Kentuckians can expect another income tax cut
Republican supermajorities in the Kentucky General Assembly are expected to begin the 2025 legislative session the same way they began the 2023 session with a popular bill that will cut the state income tax rate by one-half of 1 percentage point.
Tax cut, anti-DEI & more: 5 things to watch for in the 2025 Kentucky legislative session
Republicans hold four-fifths majorities in both chambers of the legislature, enough to easily override any of Gov. Andy Beshear’s vetoes. What are their priorities?
Kentucky lawmakers pass session rules, introduce income tax cut on opening day
State lawmakers met in Frankfort on Monday to begin the 2025 legislative session — welcoming new members, introducing legislation and arguing over their own rules and procedures.
9h
on MSN
Trump Allies Fret Tax-Cut Pledges at Risk With GOP Infighting
A faction of President-elect Donald Trump’s allies is harboring doubts about Republicans’ chances of passing a sweeping tax ...
4h
Tax Cuts or the Border? Republicans Wrestle Over Priorities.
President-elect Donald J. Trump has waffled on his preferences for how his party tackles his agenda, adding to the ...
7h
on MSN
Gingrich urges Trump, GOP to pass tax cuts in ‘one big, beautiful bill’
Former Speaker Newt Gingrich (R-Ga.) encouraged President-elect Trump and Republicans to pass tax cuts as part of a single ...
7h
on MSN
Speaker White, Lt. Gov. Hosemann unveil tax cuts, other proposals as 2025 legislative session starts
Mississippi’s top legislative leaders have unveiled details of their different plans to cut state taxes and potentially expand Medicaid coverage to the working poor.
1d
on MSN
Lindsey Graham Issues Warning to Republicans Pushing Tax Cuts
The South Carolina senator pushed for putting border security ahead of tax cuts during a Fox News interview Sunday.
The Express Tribune
2h
Govt 'fails to sway IMF' on power tax cut
The government has been unsuccessful in convincing the IMF to agree to a reduction in sales tax on electricity bills.
10h
on MSN
Tax rises and job cuts as police at 'tipping point'
Avon and Somerset Police is continuing to reduce its number of PCSOs (police community support officers) and civilian staff, ...
KSL
3d
Utah lawmakers set aside more than $200M for 2025 tax cuts. What break will taxpayers get?
Will this be the year Utah eliminates state income taxes on Social Security? With $200 million in the bank for the state, the ...
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