Menu

News

Filter by Category:

  • 2023 legislative review

    April 28, 2023

    Thursday, March 30, marked the end of the 30-day Legislative Session of the Kentucky General Assembly with the passage of significant policy reforms, technical corrections, and a new pass-through entity tax. 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. Kentucky House of Representatives and Senate Republicans differed on various proposals, including sports wagering, medical cannabis, illegal gaming machines, education policies, and the phase out of the distilled spirits property tax. Political party differences aside, many bipartisan legislators and the Governor agreed upon many significant reforms in addition to an unemployment insurance cleanup, technical tax fixes, and a reduction of the individual income tax rate from 4.5 percent to 4 percent, effective January 1, 2024. Read on for a full review

  • CPA Day at the Capitol recap

    February 27, 2023

    On Wednesday, February 8, KyCPA held its annual CPA Day at the Capitol with approximately 30 CPA members traveling from across the Commonwealth to participate in the event.

  • 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.