Kentucky Political News Headlines

Thursday, March 4, 2010

House panel approves revenue measure

The House Appropriations & Revenue committee passed out HB 530 last evening with a committee substitute that contained the House's proposed revenue package including: suspending Net Operating Losses, Accelerated Sales Tax, and other provisions.

HERE is the memo that was handed out to members that provides some summaries and a list of the items that were included in the Committee Substitute. Below is an article from the Courier-Journal that details the hearing as well.

House panel approves revenue measure: "The House budget committee approved a measure Wednesday that would bring in roughly $321 million to the General Fund over the next two years."