WKYT | Lexington, Kentucky | News

Tax reform panel set to meet Thursday in Frankfort

FRANKFORT, Ky. (AP) - The Blue Ribbon Commission on Tax Reform is scheduled to meet Thursday to craft recommendations for Gov. Steve Beshear.

The meeting begins at 10 a.m. EST in a conference room at the Kentucky Higher Education Assistance Authority's headquarters at 100 Airport Road in Frankfort.

Beshear appointed the panel earlier this year to recommend a simpler tax code that would generate enough revenue to meet state needs even during recessions.

In Thursday's meeting, Beshear said the commission will review Kentucky's individual income tax to see if changes are needed there.

Proposals already on the table include raising the cigarette tax to $1 a pack from the current 60 cents. The panel had previously ruled out a 6 percent tax on groceries that could generate $500 million a year.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


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