Kentucky lawmakers passed a series of last-minute spending and tax policy revisions on the final day of this year’s legislative session.
With the clock winding down on the 60-day session, the two measures sped through the Senate and House on Saturday. The bills were described as providing “cleanup language” to the operating budget and revenue bills that lawmakers enacted Friday when they overrode Governor Matt Bevin’s vetoes.
The tax-related measure would, among other things, restore a tax credit available to some of Kentucky’s largest manufacturers, including Toyota and GE Appliances. The tax credit was inadvertently cut in recent weeks when lawmakers rushed to pass the tax overhaul.
A key provision in the spending-related measure offers some relief to school districts in Kentucky’s economically distressed coal-producing regions. The bill would divide $7 million among 31 school districts, based on how much was lost in unmined minerals tax revenue.