State tax reform resources
The Kentucky General Assembly passed a significant tax reform bill (HB 487) on April 14, 2018, and it officially became law on April 27. KyCPA is working with the Kentucky Department of Revenue on guidance and will continue to provide more information on the law as it becomes available.
Most of the income tax changes are effective January 1, 2018, while most of the sales tax changes, including the expansion of the tax to certain services, are effective July 1, 2018.
- DOR Tax Reform Website
- Summary of key changes in law
- Submit questions
- Industry-specific FAQs
- Tax forms
- New Kentucky Sales Tax FAQs - Sales tax answers compiled by KyCPA
- Tax update (7/9/18) - New sales tax in effect; KyCPA testifies on LLET
- KyCPA summary of HB 487 and full legislative recap
- DOR presentation to Tax Executives Institute (includes summary of HB 487)
Federal tax reform resources
Congress made significant changes to the federal tax code with passage of the Tax Cuts and Jobs Act of 2017. See links below for the most up-to-date information.
- AICPA Tax Reform Resource Center
- Bloomberg Tax Reform Watch
- Tax Foundation Center for Federal Tax Policy
- Loyd: Potential impact of federal tax reform on Kentucky tax reform