WKYT | Lexington, Kentucky | News

David Williams urging special session to address federal tax credits

FRANKFORT, Ky. (AP) - Senate President David Williams is urging
Gov. Steve Beshear to call a special session so that Kentucky
employers won't lose federal tax credits.
Williams made the comments Thursday after state officials said
business owners could lose more than $600 million in tax credits if
the state doesn't make an interest payment on a federal loan that
is paying for unemployment benefits, according to The
Courier-Journal and the Lexington Herald-Leader.
Beshear said in a statement that his administration has been
working "to explore every possible option" to avoid the problem
and that he "remains open to any suggestions from the General
Assembly."
He did not directly address Williams' call for a special session
to deal with the issue.
Williams is running against Beshear in the Nov. 8 gubernatorial
election.

(Copyright 2011 by The Associated Press. All Rights Reserved.)


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