While the worst of the weather held off this afternoon, it looks like we will still see some strong storms later tonight, generally between 8 p.m. and midnight. These storms will likely feature strong winds and hail, with heavy rain and an isolated tornado (mainly possible in the Cumberland Valley/I-75 corridor) being the secondary threats. Keep it locked here for the latest.
FRANKFORT, Ky. (AP) - A panel appointed by Gov. Steve Beshear to recommend tax reforms is considering a proposal that would result in more retirees having their pensions taxed.
Lt. Gov. Jerry Abramson, chairman of the Blue Ribbon Commission of Tax Reform, said Thursday members may recommend tweaking a policy that exempts annual pensions of $41,100 or less from taxes. Abramson said commission members are looking at decreasing that exemption to pensions of $15,000 or less.
The group is tentatively scheduled to meet again on Nov. 19.
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.
The group has already ruled out implementing a 6 percent tax on groceries, which would have generated some $500 million a year.
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