Kentucky – Tax Extensions for Victims of Hurricane Laura

FThe Kentucky Department of Revenue (DOR) will honor the recently announced IRS special tax relief for taxpayers in any area designated by the Federal Emergency Management Agency (FEMA) as qualifying for individual assistance due to the effects of Hurricane Laura. Continue reading Kentucky – Tax Extensions for Victims of Hurricane Laura

Kentucky- Enforced Collection Action Has Been Suspended

At the direction of Governor Andy Beshear, the Kentucky Department of Revenue (DOR) has suspended all enforced collection action due to the COVID-19 emergency.  During this time, some taxpayers may receive a “Final Notice Before Seizure” letter encouraging them to Continue reading Kentucky- Enforced Collection Action Has Been Suspended

Kentucky – State Revenues Increase Sharply In October; General Fund Revenues Up 11.5% Over Last Year

There was some excellent news for state finances on Tuesday as Kentucky’s General Fund saw a huge reversal from a decline in September, to a sharp increase in October. The State Budget Director’s office reported October’s General Fund receipts rose Continue reading Kentucky – State Revenues Increase Sharply In October; General Fund Revenues Up 11.5% Over Last Year

KENTUCKY – Gov. Bevin Signs Tax Cut Bill That Will Reduce State Revenue By $106 Million A Year

Gov. Matt Bevin on Tuesday signed into law a measure that that will cost Kentucky’s $11 billion General Fund an estimated $106.6 million a year once fully implemented. House Bill 354 contains changes to parts of the tax code that Continue reading KENTUCKY – Gov. Bevin Signs Tax Cut Bill That Will Reduce State Revenue By $106 Million A Year