Republicans in the Kentucky General Assembly have sent a bill lowering income taxes to Gov. Andy Beshear to either sign or veto.
The bill passed its final hurdle in the state Senate on Wednesday with a 30–5 vote. The legislation was a top priority for Republicans as they made it the first bill filed this session in the House. It passed the House last month.
The bill would lower income taxes to 4 percent beginning Jan. 1, 2024, down from the 4.5 percent tax enacted for 2023.
A similar bill was vetoed by Beshear last year to lower the tax rate from 5 to 4.5 percent and allow room to phase out the income tax with small reductions each year. The Legislature overrode him at the time and the law went into effect….