Kentucky offers more than 250 different tax breaks - WDRB 41 Louisville - News, Weather, Sports Community

Kentucky offers more than 250 different tax breaks

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LOUISIVLLE, Ky. (AP) -- The Governor's Office of Economic Analysis has counted 253 tax breaks in Kentucky that add up to more than $12 billion in annual tax relief.

That is more than all the revenue that goes to the state's general and road fund funds combined. And critics contend all those tax breaks are slowly bleeding the state government and its agencies dry at a time when funding for important programs and services is being cut.

The Governor's Blue Ribbon Commission on Tax Reform is examining the state's tax breaks as part of its job of recommending ways to make the tax code more equitable and better able to handle economic ups and downs.

Any attempt to curtail the state's wealth of tax breaks will face fierce opposition.

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  • Thanks to a grant from Norton Healthcare, this story and others are available in real-time closed captioning on WDRB.
    Thanks to a grant from Norton Healthcare, this story and others are available in real-time closed captioning on WDRB.