State officials say Kentucky’s latest round of tax amnesty will be a success. Tax delinquents have until 9 pm Friday to file their request for amnesty with the state Department of Revenue. If delinquents pay the taxes they owe plus a penalty before the deadline, they can avoid additional punishment.
House Speaker Greg Stumbo is no longer demanding that any legislation calling for a constitutional amendment to legalize gambling in Kentucky start in the Senate. "That line in the sand doesn't have to be drawn anymore," Stumbo told reporters during a Capitol press conference on Thursday. "I don't care if it's a House bill or a Senate bill."
The No. 1 priority for the Kentucky House in 2013 is set: Tackling recommendations from a recent report that found that special tax districts have big budgets and little oversight. Auditor Adam Edelen recently finished a report on the districts, detailing billions of dollars in spending with little or no oversight.
A tax expert is warning state officials that Tennessee would be among the hardest-hit states if federal officials don't resolve the so-called fiscal cliff. The Chattanooga Times Free Press reports Dr. Stan Chervin updated Gov. Bill Haslam and other state officials, saying states that depend heavily on sales taxes for revenue would feel the most stress if tax breaks are not extended.
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.