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Tax Modernization

What is Tax Modernization?

HB 272 signing

Governor Ernie Fletcher signed House Bill 272 on March 18, 2005. HB 272 is the most extensive reform of Kentucky's tax code in more than half a century. Governor Fletcher was joined by the bill's sponsor, House Minority Floor Leader Jeff Hoover (R-Jamestown), and bipartisan leaders from both chambers of the General Assembly. Several Kentucky taxpayers also attended the historic event, including college students, business owners and low income Kentuckians who will no longer pay state income taxes.

Text of House Bill 272

Important Tax Modernization Links
Tax Changes Effective Dates

Tax Changes Effective as of June 1, 2005

Transient Room Tax

Cigarette Tax Increase

Alcoholic Beverage Tax Increase

Equine Breeders' Incentive Fund

Tax Changes Effective as of June 20, 2005

Withholding Tax

Tax Changes Effective as of January 1, 2006

Telecommunications Tax

New Tax Forms for Tax Modernization

 

 

Last Updated 10/15/2007
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