On April 2nd Kentucky passed a tax reform bill that makes significant changes to Kentucky individual and corporate taxes. Much of the new law is in response to the federal tax law changes passed late last year. Major provisions include:
Sales & Use Tax
Most of the changes to federal tax law are incorporated into new Kentucky code, however there are a few provisions not adopted by Kentucky.
For details on the above changes, see Rudler PSC e-Tip Kentucky Tax Code Changes. If you have questions on how this will affect your particular tax situation, please contact our professionals at 859-331-1717.