The Blue Ribbon Commission on Tax Reform is scheduled to meet Thursday to craft recommendations for Gov. Steve Beshear. 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 in Frankfort.
Beshear appointed the panel earlier this year to recommend a simpler tax code that would generate enough revenue to meet state needs even during recessions.
In Thursday's meeting, Beshear said the commission will review Kentucky's individual income tax to see if changes are needed there.
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.
Economic consultants looking for ways to improve Kentucky's tax system have offered a variety of options that include imposing a tax on food and a variety of services ranging from haircuts to automotive repairs to funerals.
A group of three economists hopes to provide key input to Kentucky's tax commission this summer. The Blue Ribbon Tax Commission picked three professors to act as consultants as the group considers changes to the state's tax code. Two are from the University of Kentucky and one is from the University of Tennessee.
Kentucky Governor Steve Beshear’s office has awarded the contract for the Blue Ribbon Commission on Tax Reform to a three person team made up of two consultants from the University of Kentucky and one from the University of Tennessee. The Governor says the individuals selected for the consulting team have the necessary experience to address the issues before the Commission.
Kentucky Senate President David Williams has several criticisms for Governor Steve Beshear's recently-appointed tax commission.
Williams proposed creating such a commission during his bid for governor last year. But says Beshear’s commission lacks the guidance and experience to change Kentucky’s tax code. The Senate President says the majority of the commission is made up of Beshear’s friends and political allies.