Legislative Update

Senate Republican Leadership announces new Senate committee chairmanships

FRANKFORT, Ky. (November 26, 2018) – Senator Ralph Alvarado (R-Winchester) has been named the new chairman of the Senate Standing Committee on Health & Welfare. The Committee’s former chairwoman, Senator Julie Raque Adams (R-Louisville) relinquished her chairmanship when she was elected to Senate Leadership earlier this month as the Majority Caucus Chair. Senator Steve Meredith (R-Leitchfield) has assumed Senator Alvarado’s previous role as the vice-chairman of the Health & Welfare Committee. Senator Jared Carpenter (R-Berea) has been named the new...

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...