Governor Beshear announced the first meeting of his Tax Reform Commission for next Tuesday, March 6. We are expecting the group to get a high level overview of Kentucky's current revenue picture and how the taxes that make up Kentucky's revenue have been performing. Sort of a baseline from a knowledge standpoint.
The full press release is below:
Commonwealth of Kentucky
Office of the Governor
FOR IMMEDIATE RELEASE
Tax Reform Commission To Hold First Meeting
Commission's 23 members, led by Lt. Gov. Abramson,
to develop recommendations to revitalize state's tax code
FRANKFORT, Ky. (March 2, 2012) – Governor Steve Beshear announced today that his Blue Ribbon Commission on Tax Reform will hold its first meeting Tuesday, March 6. The Commission, led by Lt. Gov. Jerry Abramson, will begin its work examining how best to realign Kentucky's tax code.
The meeting will be at 12:30 p.m. in the auditorium of the Kentucky Transportation Cabinet Office Building, 200 Mero St., in Frankfort. A series of meetings has been scheduled around the state throughout the next several months.
The Commission will work to develop recommendations to make the state's tax code more responsive to the ups and downs of the economy, as well as to make taxes more equitable for Kentuckians. The revisions should allow for tax revenues that are adequate to address the needs of the state's citizens and businesses.
In 2011, the national Tax Foundation ranked Kentucky 19th best in the nation both in its business tax climate and in the growth rate of new jobs over the past year. Another recent report by the U.S. Chamber of Commerce ranked Kentucky eighth in the nation for taxes and regulations, and 12th for job growth over the past two years. Despite those high national rankings, Gov. Beshear said the state has room to improve its tax code in order to encourage economic growth.
Gov. Beshear announced the commission's members on Feb. 9. A complete list of members, as well as information on the commission's goals, is available at http://migration.kentucky.gov/Newsroom/governor/20120209taxcommission.htm
The commission's recommendations are due to the Governor by Nov. 15, 2012.
Dates and host cities for the remaining Commission meetings are below, as well as locations for the April and May meetings. Specific locations in remaining cities will be announced in advance of all meetings. All times are local.
- Tuesday, April 10, 1 p.m., Capitol Annex, 702 Capitol Ave., Room 154, Frankfort
- Tuesday, May 8, 1 p.m., Capitol Annex, 702 Capitol Ave., Room 154, Frankfort
- Tuesday, May 29, 6 p.m., Paducah
- Tuesday June 19, 6 p.m., Bowling Green
- Tuesday July 10, 6 p.m., Louisville
- Tuesday July 24, 6 p.m., Covington
- Tuesday Aug 7, 6 p.m., Prestonsburg
- Tuesday Aug 21, 6 p.m., Lexington
- Wednesday, Sept 19, 1 p.m., Frankfort
- Tuesday Oct 2, 1 p.m., Frankfort
- Thursday Nov 8, 1 p.m., Frankfort
Follow Governor Beshear on Twitter @Govstevebeshear, read the Governor's personal notes on his blog at http://blog.governor.ky.gov/, and view the Governor's video commentaries at http://www.youtube.com/governorbeshear.