The Kentucky General assembly had a busy first week back. The first order of business for the state House of Representatives was House Bill 1. It passed the House and will reduce the state income tax rate from 4.5 percent to 4 percent if it gets signed into law. The bill follows on the heels of last year’s rate cut from 5 percent.
Katherine Loughead, is a senior policy analyst with the Tax Foundation. She said there are concerns that another tax cut could increase inflation.
