Legislative Updates

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.

  • 2023 legislative session preview

    December 20, 2022

    The upcoming 2023 Legislative Session will begin on Tuesday, January 3, 2023, kicking off the 30-day “short” Session that is scheduled to end on March 30, 2023. Kentucky legislators will convene in the first week of January, take a break, and then reconvene at the beginning of February to finish the Session.

  • KyCPA-PAC: Kentucky counts on CPAs

    November 14, 2022

    For this issue of KyCPA’s 2022 Journal, P. Anthony Allen provide a recap of KyCPA’s 2022 policy wins and explain how your investments through membership and via contributions to the Political Action Committee (PAC) impact the laws, rules, and regulations that affect Kentucky CPAs.

  • 2022 legislative review

    April 22, 2022

    Thursday, April 14, 2022, marked the end of the 60-day Regular Session of the Kentucky General Assembly with the passage of significant legislative reforms, tax modernization, and the next two-year budget for the Commonwealth. With supermajorities in both chambers of the General Assembly, Republicans passed overrides on multiple Gubernatorial vetoes; however, differences were not limited to party affiliation alone. House and Senate Republicans compromised on various budget proposals, tax reform, and re-districting bills. Political differences aside, the General Assembly and the Governor agreed upon non-controversial measures, including tornado aid, unemployment insurance relief, and CPA scholarship opportunities.

  • CPA Day at the Capitol recap

    February 25, 2022

    On February 16, 2022, KyCPA's Day at the Capitol wrapped up with a successful turnout of Society members, key legislators, and policy staff. Approximately 50 legislators and staff attended the grab-and-go breakfast in the Kentucky Capitol Annex Building with visits from House Republican Leadership, House Appropriations & Revenue (A&R) Committee legislators and staff and over 20 members of KyCPA.