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The Independent UK
The Independent UK
National
Bruce Schreiner

Kentucky misses a fiscal trigger for personal income tax rate cut in 2025

Income Tax Kentucky Andy Beshear Republican General Fund Jason Petrie John Hicks
Copyright 2019 The Associated Press. All rights reserved.

Kentucky's individual income tax rate is set to remain the same in 2025 after the state failed to meet certain fiscal requirements that would have ushered in another reduction under a Republican plan to phase the tax out.

According to a recent letter to lawmakers from state Budget Director John Hicks, only one of two trigger conditions were met in the state fiscal year that ended June 30.

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