Legislative Update

legislative-update-2018

Tax Reform Measures and Their Impact on Manufacturers

Some tax reform measures were considered and adopted in the recently completed legislative session.  We think most legislators and the Bevin administration consider the provisions adopted as being a first step in moving from an income based system to a consumption based system.  It is likely that legislators will discuss further revisions and reforms during the Interim session and possibly have a more comprehensive bill for the 2019 session. Key tax changes that could impact manufacturers include providing for a [...]

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legislative-update-2018

2018 General Assembly Recap

The most significant takeaway from this session could very likely be breaking the no-tax cycle and doing it with a Republican majority in both chambers and a Republican Governor. HB 487 makes changes in both corporate and individual income tax provisions, applies the sales tax to some services, and increases the cigarette tax. The bill was not a significant new revenue generator, but depending on what happens this election cycle, it will leave the door open for additional tax [...]

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legislative-update-2018

House Bill 366, April 2 – Regular Session (2018)

The Kentucky Association of Manufacturers (KAM) congratulates the Kentucky General Assembly for passage of HB 366, a significant tax reform package. KAM, as a non-partisan association, has strongly advocated a series of changes to our tax code for more than ten years that would make Kentucky more competitive in the national and global marketplaces. Continuous improvement is a foundational tenet of manufacturing. As makers of products used worldwide and creators of the jobs to make them, we believe that [...]

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legislative-update-2018

A Quick Update, March 28 – Regular Session (2018)

Our last weekly report on legislative activity noted that the General Assembly was scheduled to meet on March 27 and 28 for two concurrence days before recessing until April 12 and 13 for two veto override days. As is very often the case, the legislative leadership chose to alter the legislative calendar. By early afternoon on Tuesday, the announcement was made that the General Assembly would not be in session on the 28th, but would return to convene on [...]

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legislative-update-2018

What You Need To Know, March 19, 2018 – Regular Session (2018)

Crunch Time With only eight working days left in the 2018 legislative session, the most significant hurdle policymakers face is the dwindling amount of time remaining to address priority bills, including passage of the biennial state budget and road plan. On Friday, Senate President Robert Stivers alluded to the possibility that leaders may change the legislative calendar to address the priorities that remain. The current calendar calls for the legislature to meet through Thursday of this week, then return on [...]

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legislative-update-2018

What You Need To Know, March 12, 2018 – Regular Session (2018)

Timing is everything. Today marks the 47th legislative day of this 60-day budget session. With thirteen working days left, a tremendous amount of work remains: the legislature is working its way through the budget process as the Senate is currently considering the document and making their proposed changes; pension reform remains a mystery as there was a glitch on Friday that sent the bill back to the Senate committee; and some legislative leaders continue to say they will consider tax [...]

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legislative-update-2018

What You Need To Know, March 5, 2018 – Regular Session (2018)

Budget and Revenue Bills Pass the House Last week the House revealed their changes to HB 200, the Executive Branch biennial budget. As you know, Governor Bevin introduced his budget proposal in mid-January and the House worked the better part of a month and a half hearing from state agencies and stakeholders. Last Wednesday evening the House Appropriations and Revenue Committee presented their changes. The bill passed committee and was voted on by the full body on the House floor [...]

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legislative-update-2018

What You Need to Know, Week Eight – Regular Session (2018)

Pension Reform Bill Introduced The long-awaited public employee pension reform legislation was introduced last week in the Senate. Pension reform has been a topic of conversation dating back to the previous session. We expected Governor Bevin to call a special session during the Interim to address the issue. However, after a draft proposal was released last fall, it became clear that there was not sufficient legislative support to pass reforms that included a move from a defined benefit plan to [...]

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legislative-update-2018

What You Need To Know, Week Six – Regular Session (2018)

Last week marked a milestone, as the Legislature officially passed the halfway point of the 2018 session. With less than thirty days remaining, the work continues. We’ve seen activity pick up in the past few weeks, and you can expect even more of that in the coming days. Here’s where we are: Pension Reform Thus far, there is no legislation on the much-discussed pension reform issue. Press reports last week indicated that the bill could be filed this week. Senate President [...]

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legislative-update-2018

What You Need To Know, Week Five – Regular Session (2018)

Deadline Passed Last week in this update, we discussed the importance of the candidate filing deadline and the impact that deadline has on legislative activity in Frankfort. Candidates had until 4:00 PM Tuesday, January 30 to file. As we expected, there was a flurry of activity leading up to that deadline.  Here’s what we know: Nearly 300 individuals filed to run for legislative office – 255 for 100 House seats and 43 for 19 Senate seats. 88 of the candidates are women. 40 [...]

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