Tax reform has been on Kentucky lawmakers’ minds for years, and while significant progress has been made recently, substantial work remains to be done. In 2018, the General Assembly made important strides in creating a more neutral, pro-growth tax structure even while generating a net increase in revenue. With its reduction in income tax rates, consolidation of brackets, and modest sales tax base broadening, Kentucky put itself on the map as a state that is serious about reorienting its tax structure to enhance productivity and promote economic growth.
