Economy
8:14 am
Thu November 29, 2012

Kentucky Tax Reform Panel's Last Meeting Set for Next Week

What is expected to be the final meeting of the Blue Ribbon Commission on Tax Reform has been set for next week in Frankfort. Members will be finalizing their recommendations for reforming Kentucky's tax code in the meeting that's set for Dec. 6.

The meeting begins at 10 a.m. EST in a conference room at the Kentucky Higher Education Assistance Authority's headquarters at 100 Airport Road.

Proposals on the table include raising the cigarette tax to $1 a pack from the current 60 cents.

Beshear appointed the tax panel earlier this year to recommend a simpler tax code that would generate enough revenue to meet state needs even during recessions.

The panel has ruled out a 6 percent tax on groceries that could generate $500 million a year.