NEWS
By KENDRA PEEK and kpeek@amnews.com | May 15, 2013
LANCASTER - When Garrard County Judge-Executive John Wilson announced to the Fiscal Court last August that the county had paid off the $4.5 million hospital debt 10 years early, discussions began on how quickly the insurance premium tax, which had been burdening taxpayers while decreasing the debt, could be repealed. Unfortunately, magistrates discovered in September the tax could not be dropped until July 2013, as a Kentucky statute limits how often insurance premiums can be adjusted.
NEWS
By STEPHANIE MOJICA and smojica@amnews.com | May 10, 2013
NEWS
By Kendall Sparks | April 26, 2013
The Freeman Corporation, located at 415 Magnolia St., will be receiving a tax incentive of $500,000 and will expand in the coming months. The hardwood veneer manufacturing company, which has been operating in Winchester for nearly 100 years, is planning a $3.4 million expansion, said Todd Denham, Winchester-Clark County's Economic Development Director. He also said the expansion would add 32 jobs to the workforce which will pay an average $17 per hour with benefits. The incentive was approved Thursday by the Kentucky Economic Development Finance Authority board.
NEWS
By SHEILA CLARK and sheila@amnews.com | April 9, 2013
The deadline for filing individual tax returns for the 2012 tax year is April 15. With the deadline fast approaching, perhaps the following handy tip and tax tool may help make your tax season a little less stressful. First, it is helpful to know the various deadlines in regards to taxes. A list of these can be found on About.com's website at http://taxes.about.com/od/ Federal-Income-Taxes/qt/tax-deadlines.htm. Its list covers tax deadlines from nearly every month of the year.
NEWS
By STEPHANIE COLLINS and scollins@amnews.com | March 16, 2013
To boost revenue, the city of Danville may look into increasing property taxes for the next fiscal year. City officials met Thursday evening at city hall so each department could present its budget concerns, as the city begins the process of creating the 2013-2014 fiscal year's budget, which must be completed by June 30. City Manager Ron Scott told commissioners they should decide if they want to continue keeping property taxes at a compensating...
NEWS
By STEPHANIE MOJICA and smojica@amnews.com | March 13, 2013
Boyle County residents who own real estate will soon start paying a little more in taxes to help better fund the county health department. The Fiscal Court unanimously voted Tuesday to raise the health tax from 2.4 cents per $100 real estate valuation to 2.5 cents. A Boyle resident with a home valued at $100,000 would pay about $1 extra per tax bill; this increase would give the health department an additional $20,000 annually, according to Brent Blevins, county public health director.
NEWS
March 10, 2013
With time running out on the short session, and Sunshine Week - a celebration of transparency - on the horizon, the Kentucky legislature should focus on salvaging what it can from its overstuffed and underproductive stint in Frankfort. Passing the state's first real attempt to account for and make accountable the state's hundreds of special taxing districts, is a great place to start. House Speaker Greg Stumbo introduced the bill on the heels of a massive report compiled late last year by State Auditor Adam Edelen's office that determined more than 1,200 so-called “ghost governments” currently control at least $2.7 billion in annual spending.
NEWS
By Kendall Sparks | March 6, 2013
Winchester officials say Amazon is back in good standing after not paying its payroll tax for its first four months of operation. Amazon discovered the proper withholding codes were not setup in the payroll system, according to a letter to the city. The issue was revealed in an internal review of the state and local payroll regulatory findings. No withholdings were deducted from Amazon employee's paychecks from August to December 2012. According to a letter sent to the city from AMZN WACS, a subsidiary of Amazon, the total wages paid during the period was $1,808,548.16.
NEWS
By STEPHANIE COLLINS and scollins@amnews.com | February 8, 2013
About 25 people gathered for a “listening session” sponsored by Danville City Commission on Thursday evening at city hall. The meeting lasted a little more than an hour as commissioners heard from the public regarding suggestions or opinions on the upcoming city budget. Topics ranged from streetscape to building youth-friendly facilities, but the issue of taxes proved to be popular with most speakers. Wilma Brown said she wonders what the alcohol tax is being used for. “I'm wondering if the City Commission could look at other towns that have these fees and taxes and see how we can compare,” Brown said.
NEWS
By Rachel Gilliam | December 27, 2012
The Kentucky General Assembly will begin the first part of the 2013 30-day session Jan. 8, and Sen. R.J. Palmer, D-28, said tax reform, the possible legalization of hemp and school safety could all be targeted by legislators. “I have discussed with a number of legislators the need or the idea for tax reform. I think you're seeing growing consensus that we need to do something,” Palmer said. On Dec. 17, the Blue Ribbon Commission on Tax Reform submitted recommendations to Gov. Steve Beshear and legislators for review.