Senate Acts on Taxes and Budget

Apr 3, 2018

Teacher Watch from the Senate Gallery During Tax Bill Vote
Credit Stu Johnson

Final votes on the state’s two year budget and a sizeable tax measure moved forward Monday in Frankfort. It came just before lawmakers break for ten days while the governor considers possible vetoes.

Passage of a biennial budget happens every two years but approval of a tax bill is something that doesn’t happen very often.  Particularly a revenue measure outlining close to $500 million in new money.  The bill also spells out income tax reductions for individuals and corporations.  Senate Majority Floor Leader Damon Thayer. “These sales taxes where we are broadening the base.  You’ll get to keep more of your money and decide how you want to be taxes based on your spending patterns,” said Thayer.

New taxes include those levied on golf courses and for home repairs, landscaping, fitness and recreation, and dry cleaning.  Louisville Senator Morgan McGarvey criticized the process, after the bill emerged after closed door meetings over the weekend. “You didn’t have input from the majority of Louisvillians.  You didn’t have input from the majority of Lexingtonians.  You didn’t have input from the people of Elizabethtown, from Pikeville, from Prestonsburg, from Henderson,” noted McGarvey.

Governor Bevin indicated yesterday he was not supportive of the tax bill.  If a veto comes, Senate President Robert Stivers said he believed the senate would override that action.