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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 ...
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A bill to put Kentucky on a path to no income tax at all, like neighboring Tennessee, was passed earlier this year. KY’s personal income tax rate is going down. Here’s how much and why.
Tax is collected by the Kentucky Department of Revenue. [143] Kentucky has a flat 4% individual income tax rate. The sales tax rate in Kentucky is 6%. [144] Kentucky has a broadly based classified property tax system. All classes of property, unless exempted by the Constitution, are taxed by the state, although at widely varying rates. [145]
The Kentucky Public Pensions Authority (KPPA), formerly known as The Kentucky Retirement Systems (KRS), [1] is the administrator of defined-benefit pension and insurance plans for most of Kentucky's state and county employees and retirees.
Department of Revenue of Kentucky v. Davis, 553 U.S. 328 (2008), is a United States Supreme Court case in which the Court upheld a Kentucky law that provides a preferential tax break to Kentucky residents who invest in bonds issued by the state and its municipalities (municipal bonds).
Beginning Jan. 1, 2023, the state’s income tax is set to drop to 4.5%, and the bill’s supporters in the General Assembly have plans to approve additional 0.5% reductions if they deem the state ...
That year Republican John McCain won Kentucky, carrying it 57 percent to 41 percent, but lost the national popular and electoral votes to Democrat Barack Obama. Further hampering Kentucky's status as a bellwether state, 116 of Kentucky's 120 counties supported Republican Mitt Romney in the 2012 election, who lost to Barack Obama nationwide. [22 ...