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Senate Bill 23 is a constitutional amendment that is meant to help Kentucky seniors who are struggling with rising tax bills on their homes by freezing the property values of their homes for tax ...
The Kentucky State Treasurer is elected every four years along with the governor and other statewide officials. The treasurer, who can serve two terms, acts as the state's chief elected fiscal officer. [1] The salary is $152,551.00 a year. The current treasurer, Mark Metcalf of Lancaster, is the second Republican elected to the post since 1944.
(The Center Square) – A bill that would lower Kentucky’s personal income tax rate to 3.5% starting next year sailed through the state Senate. House Bill 1 passed by a 34-3 vote and will now ...
The largest property tax exemption is the exemption for registered non-profit organizations; all 50 states fully exempt these organizations from state and local property taxes with a 2009 study estimating the exemption's forgone tax revenues range from $17–32 billion per year. [53] Exemptions can be quite substantial.
Some states have licensing requirements for anyone who prepares tax returns for a fee and some for fee-based preparation of state tax returns only. Commercial tax preparation software, such as TurboTax, is widely used by individuals preparing their own tax returns. The Free File Alliance provides free tax preparation software for individuals ...
The official start date for electronic filing of tax year 2023 Kentucky returns began Jan. 23, according to the state's tax office. The Internal Revenue Service will begin accepting and processing ...