Kentucky governor signs GOP-backed personal income tax cut

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Gov. Beshear signs tax cut bill

HENDERSON, Ky. (WEHT)- Kentucky Governor, Andy Beshear signs a bill lowering the individual income tax rate. INDOT working to reduce severe crashes with speed feedback signs Gov. Beshear says despite seeing economic growth in the Commonwealth, some are still struggling to afford necessities like groceries. House Bill 1 will lower the individual income tax rate from 4% to 3.5%. The bill is the first to be approved by the Kentucky General As…

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Governor Andy Beshear signs HB1 into law, officially reducing Kentucky's income tax rate - WNKY News 40 Television

BOWLING GREEN, Ky. – Governor Andy Beshear has signed House Bill One into law, officially reducing the income tax rate in Kentucky from 4% to 3.5%. He addressed the signing of this bill during his Team Kentucky update Thursday, where he explained why he decided to sign it. The governor says the economy in the commonwealth is booming and the state has broken many records… but he also wants to fight for Kentuckians when prices are as high as they …

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Economists question sustainability of Kentucky budget in wake of another income tax cut

Citing the state's "booming" economy's ability to keep state budgets funded, Kentucky Gov. Andy Beshear signed a bipartisan-backed bill to lower the state's income tax rate from 4% to 3.5% Thursday.The move was celebrated by people like Justin Bottker, a junior at Northern Kentucky University who's working to put himself through college."I mean, I'm trying to work 25, 30 hours just so I can pay for tuition," Bottker said.While he acknowledged th…

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Gov. Beshear Signs HB-1 into Law, Lowering Income Tax Rate in 2026

Governor Andy Beshear signed House Bill 1 into law Thursday morning, a move that will lower the individual income tax rate next year. Governor Beshear stated that he signed the bill due to Kentucky’s “booming” economy, even as costs have risen. [audio mp3="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/2264/2025/02/06214512/Wireready_02-06-2025-21-45-07_A120_20250206214156228-1.mp3"] click to download audioThe governor said he wi…

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State Rundown 2/6: Tax Proposals in the Spotlight

Tax changes have been proposed or are nearing the finish line in many states. Kentucky is poised to enact an income tax cut as a bill heads to the governor’s desk. In Pennsylvania, Gov. Josh Shapiro’s budget proposal called to accelerate existing corporate tax cuts while closing corporate tax loopholes by enacting combined reporting. Ohio Gov. Mike DeWine proposed a new credit for children of working parents. And Virginia Democrats countered Gov…

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The hope is that the measure can be presented 'as an Easter surprise. '