WKYT - Frankfort - Headlines

Kentucky lawmakers start review of tax overhaul plan

FRANKFORT, Ky. (AP) - Gov. Steve Beshear's plan to revamp Kentucky's tax code has undergone its first round of public scrutiny by a legislative committee.

The House Appropriations and Revenue Committee heard a presentation from Lt. Gov. Jerry Abramson on the 22-point plan Tuesday. Abramson called it the governor's "best shot" to present a balanced approach to enhance Kentucky's competitiveness with an updated tax system.

The wide-ranging plan drew a series of questions and comments from committee members.

Rep. Jim Wayne worried the proposal to extend the state's 6 percent sales tax to some services could hit low-income Kentuckians especially hard.

Rep. Jody Richards warned that reducing a pension income tax break for wealthy retirees would eat into pensions that dwindle as people live longer.

The panel took no vote on the package.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


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