2023 Legislative Session
The 30-day "short" Legislative Session will begin on Tuesday, January 3, 2023, and meet the first full week of the year. The Kentucky General Assembly will then take a break and reconvene on Tuesday, February 7th until Thursday, March 30, 2023. Short Sessions typically do not include budget, tax, or revenue measures however, there is always potential for these issues to arise when the legislature is in Frankfort. KyCPA's advocacy team will monitor all tax, audit, licensing, and business policy issues during the 2023 Session and provide weekly updates summarizing what initiatives will impact the CPA profession.
Inflation Reduction Act
On August 16th, President Joe Biden signed the Inflation Reduction Act of 2022 into law. This bill was the final product of over a year and half process to pass a version of the President's original Build Back Better proposal. This Special Legislative Update reviews the path of the budget reconciliation process that led to the Inflation Reduction Act's final enactment into law and the major tax, healthcare, and climate provisions included in the bill.