Republican lawmakers in Kentucky have agreed to reduce revenue by $105 million a year to give a tax break to some locally-owned banks and exempt nonprofits from some sales taxes.<\/p>\n
Legislative leaders in the GOP-dominated state House and Senate reached an agreement on Wednesday (3\/13) morning. The proposal, House bill 354, will likely be approved by both chambers by Thursday (3\/14) and sent to Republican Governor Matt Bevin’s desk. If he vetoes it, lawmakers could override him on March 28.<\/p>\n
The proposal would let banks with a Kentucky charter pay corporate income taxes instead of a “bank franchise fee” that is based on how much capital a bank has. It would also exempt nonprofits from paying sales taxes on fundraising activities.<\/p>\n","protected":false},"excerpt":{"rendered":"
Republican lawmakers in Kentucky have agreed to reduce revenue by $105 million a year to give a tax break to some locally-owned banks and exempt nonprofits from some sales taxes.<\/p>\n","protected":false},"author":141,"featured_media":3959,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[59],"tags":[],"class_list":{"0":"post-23210","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.wvih.com\/wp1\/wp-content\/uploads\/2016\/03\/Kentucky-State-Capitol.jpg?fit=788%2C563&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6aKAp-62m","jetpack-related-posts":[],"jetpack_likes_enabled":true,"publishpress_future_action":{"enabled":false,"date":"2026-04-22 23:54:53","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.wvih.com\/wp1\/index.php\/wp-json\/wp\/v2\/posts\/23210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wvih.com\/wp1\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wvih.com\/wp1\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wvih.com\/wp1\/index.php\/wp-json\/wp\/v2\/users\/141"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wvih.com\/wp1\/index.php\/wp-json\/wp\/v2\/comments?post=23210"}],"version-history":[{"count":1,"href":"https:\/\/www.wvih.com\/wp1\/index.php\/wp-json\/wp\/v2\/posts\/23210\/revisions"}],"predecessor-version":[{"id":23211,"href":"https:\/\/www.wvih.com\/wp1\/index.php\/wp-json\/wp\/v2\/posts\/23210\/revisions\/23211"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wvih.com\/wp1\/index.php\/wp-json\/wp\/v2\/media\/3959"}],"wp:attachment":[{"href":"https:\/\/www.wvih.com\/wp1\/index.php\/wp-json\/wp\/v2\/media?parent=23210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wvih.com\/wp1\/index.php\/wp-json\/wp\/v2\/categories?post=23210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wvih.com\/wp1\/index.php\/wp-json\/wp\/v2\/tags?post=23210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}