Kentucky Offers More Than 250 Different Tax Breaks
LOUISVILLE, KY - The Governor's Office of Economic Analysis has counted 253 tax breaks in Kentucky that add up to more than $12 billion in annual tax relief.
The Courier-Journal reported that to be more than all the revenue that goes to the state's general and road fund funds combined. And critics contend all those tax breaks are slowly bleeding the state government and its agencies dry at a time when funding for important programs and services is being cut
The Governor's Blue Ribbon Commission on Tax Reform is examining the state's tax breaks as part of its job of recommending ways to make the tax code more equitable and better able to handle economic ups and downs.
Any attempt to curtail the state's wealth of tax breaks will face fierce opposition.