Kentucky continues to rank in the middle-of-the-pack when it comes to having a business-friendly tax climate. The 2014 study, released Wednesday by the non-partisan Tax Foundation in Washington takes into account the corporate tax rate, individual income tax, sales tax, unemployment insurance tax and property tax rate.
Kentucky’s ranking dropped from 24th in the nation last year to 27th this year. The study finds Kentucky’s tax code didn’t change that much, but the ranking reflects changes in states with similar numbers.
Meantime, Indiana ranked 10th in the nation for best business tax climate – earning high marks for low property taxes. Tennessee ranked 15th thanks in part of a low individual income tax.
A German company plans to invest $120 million dollars to bring a production plant to Bowling Green.
The Bilstein Group says the plant will bring 90 new, full-time jobs to the area. Governor Steve Beshear was on hand for the announcement Wednesday at Bowling Green Chamber of Commerce headquarters. Beshear, who just returned from a trip to Europe said he met with Bilstein executives on a previous trip.
The company makes cold-rolled strip steel products for the auto industry. It will be the Bilstein Group’s second facility in North America.
“At the end of a long and thorough decision making process," said Bilstein CEO Marc Oehler. "I can say we are absolutely certain that Bowling Green is the perfect spot for our new [facility] being both sufficiently close to our customers and suppliers as well as within reach from Europe and any place in North America.”
Enrollment has just begun and there are already some scams related to the Affordable Care Act.
Reanna Smith-Hamblin with the Better Business Bureau of Kentucky and Indiana says scammers love to prey on confusion over such complex things as the health care law, so her advice is to never give personal information to unsolicited callers.
“This people are after your personal, your identity, so be very careful about anyone that contacts you on the Affordable Care Act," advises Smith-Hamblin.
She adds that you can't even trust caller ID because of spoofing devices that make it look like scammers are calling from a particular place, when in fact, they are not.
A federal judge in Texas has ruled against Churchill Down Incorporated in a challenge over online gambling laws.
The Louisville-based company was hoping the judge would throw out a Texas law that bans internet gambling offered by the racetrack’s website.
The Courier-Journal reports the Texas Racing Commission has recently started to enforce a law requiring that all gambling on horse racing be done in person at the racetrack. The law was later revised by Texas authorities to explicitly outlaw online wagering.
Churchill claimed the “in person” part of the law was a violation of the U.S. Constitution’s interstate commerce clause. But the Texas judge rejected that argument, saying that Churchill Downs and other racetracks can reach gamblers in the Lonestar State through simulcasting—something that is permitted under Texas law.
Churchill started Twinspires.com in 2007 in order to take bets online and over the phone.