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  • HB 354

    February 18, 2019

    The Kentucky General Assembly continued its work in the 2019 regular session on a number of legislative fronts last week, with no bill more important to the Kentucky Society of Certified Public Accountants than House Bill 354, a legislative measure introduced to address several unintended consequences of the tax reform package passed during the final hours of the 2018 session.

  • General Assembly ends special session in less than 24 hours

    December 19, 2018

    On Tuesday evening, the Kentucky General Assembly adjourned the special legislative session that began less than 24 hours earlier. Gov. Matt Bevin announced the session at a press conference at 3:45 p.m. on Monday, asking legislators to report to Frankfort that night by 8 p.m.

  • 2019 legislative preview

    December 17, 2018

    Expect calmer waters next year in Frankfort. The upcoming 2019 session, a 30-day or “short” session, kicks off on January 8, when the General Assembly will meet for four days to file legislation, formally elect leaders and assign committee chairs before breaking until February 5. The session is slated to end on March 29. Throughout the session, KyCPA will advocate for our members on tax, license and general business issues, and any other issue that affects the CPA profession. Below is a preview of some of the key issues we’ll be closely watching next year. 

  • Republicans maintain firm control of Kentucky legislature

    November 14, 2018

    n the end, it wasn’t a November to remember for Kentucky Democrats. The party had high hopes of pouncing on the public pension controversy and making a significant dent in the GOP’s supermajorities in both chambers of the General Assembly. However, Election Day on November 6 ended with results similar to the so-called red wave two years ago – Republicans only lost one net seat in the House and gained one seat in the Senate.

  • State tax reform is law

    April 13, 2018

    The Kentucky General Assembly passed a significant a 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 provide more information on the law as it becomes available.