• Sign Up
    • Yearly by Check
    • Monthly Recurring
  • About
  • Advertise
  • Contact Us
  • Account
  • Log In
The Hendersonian
  • Home
  • News
    • All
    • Agriculture
    • Business
    • Local
    • Police
    • Politics
    • Schools
    • Science
    • Sports
    • State
    • World
    Wind turbine ordinance, which would be the first in Kentucky, is key to what ultimately occurs in Cordelio project

    Wind turbine ordinance, which would be the first in Kentucky, is key to what ultimately occurs in Cordelio project

    Macy talks socks,1978 UK champs and more during author visit to promote his book

    Macy talks socks,1978 UK champs and more during author visit to promote his book

    Alliance dedicates new Henderson County Mine

    Alliance dedicates new Henderson County Mine

    National retailer Five Below to locate in Henderson

    BRIEFS: Five Below opens Friday; Bickett HPD officer of the month; HPD investigates Alves Street shooting

    Henderson joins in nationwide ‘No Kings’ Rally Saturday

    Henderson joins in nationwide ‘No Kings’ Rally Saturday

    Rain ’R Shine Farm recovers from spring flood

    Rain ’R Shine Farm recovers from spring flood

    Trending Tags

  • Tech
    Blazing-fast broadband services now available to the majority of homes in the city and county

    Blazing-fast broadband services now available to the majority of homes in the city and county

    HMP&L signs initial agreement to build a battery energy storage system on South Green Street

    HMP&L signs initial agreement to build a battery energy storage system on South Green Street

    Trending Tags

  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    2025 Handy Fest photo gallery

    2025 Handy Fest photo gallery

    Gritty Lady Cols advance to Final 4

    Gritty Lady Cols advance to Final 4

    Summer blockbusters finally arrive in June

    Summer blockbusters finally arrive in June

    A former Japanese tennis star champions Henderson County athletes

    A former Japanese tennis star champions Henderson County athletes

    Stanley hopes his exhibition is a reminder ‘to be open to joyfulness…from whatever ridiculous source it may come’

    Stanley hopes his exhibition is a reminder ‘to be open to joyfulness…from whatever ridiculous source it may come’

    Henderson joins West Kentucky Film Commission with hopes of luring movie makers here

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel
    Grants available from Deaconess Henderson Hospital Community Program Fund

    Hospital CAO: Deaconess Henderson will not close

    Enjoy the fresh taste of summer

    Enjoy the fresh taste of summer

    Regional collaborative assists those suffering from mental health challenges with online resources

    Regional collaborative assists those suffering from mental health challenges with online resources

    Plenty of baseball to watch without stepping into a big league stadium

    Plenty of baseball to watch without stepping into a big league stadium

    Matthew 25 cuts the ribbon on new mobile sexual health unit

    Matthew 25 cuts the ribbon on new mobile sexual health unit

    The Gnomes of Audubon Forest, a Henderson Tourist Commission initiative, is a scavenger hunt for all ages

    The Gnomes of Audubon Forest, a Henderson Tourist Commission initiative, is a scavenger hunt for all ages

    Trending Tags

No Result
View All Result
  • Home
  • News
    • All
    • Agriculture
    • Business
    • Local
    • Police
    • Politics
    • Schools
    • Science
    • Sports
    • State
    • World
    Wind turbine ordinance, which would be the first in Kentucky, is key to what ultimately occurs in Cordelio project

    Wind turbine ordinance, which would be the first in Kentucky, is key to what ultimately occurs in Cordelio project

    Macy talks socks,1978 UK champs and more during author visit to promote his book

    Macy talks socks,1978 UK champs and more during author visit to promote his book

    Alliance dedicates new Henderson County Mine

    Alliance dedicates new Henderson County Mine

    National retailer Five Below to locate in Henderson

    BRIEFS: Five Below opens Friday; Bickett HPD officer of the month; HPD investigates Alves Street shooting

    Henderson joins in nationwide ‘No Kings’ Rally Saturday

    Henderson joins in nationwide ‘No Kings’ Rally Saturday

    Rain ’R Shine Farm recovers from spring flood

    Rain ’R Shine Farm recovers from spring flood

    Trending Tags

  • Tech
    Blazing-fast broadband services now available to the majority of homes in the city and county

    Blazing-fast broadband services now available to the majority of homes in the city and county

    HMP&L signs initial agreement to build a battery energy storage system on South Green Street

    HMP&L signs initial agreement to build a battery energy storage system on South Green Street

    Trending Tags

  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    2025 Handy Fest photo gallery

    2025 Handy Fest photo gallery

    Gritty Lady Cols advance to Final 4

    Gritty Lady Cols advance to Final 4

    Summer blockbusters finally arrive in June

    Summer blockbusters finally arrive in June

    A former Japanese tennis star champions Henderson County athletes

    A former Japanese tennis star champions Henderson County athletes

    Stanley hopes his exhibition is a reminder ‘to be open to joyfulness…from whatever ridiculous source it may come’

    Stanley hopes his exhibition is a reminder ‘to be open to joyfulness…from whatever ridiculous source it may come’

    Henderson joins West Kentucky Film Commission with hopes of luring movie makers here

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel
    Grants available from Deaconess Henderson Hospital Community Program Fund

    Hospital CAO: Deaconess Henderson will not close

    Enjoy the fresh taste of summer

    Enjoy the fresh taste of summer

    Regional collaborative assists those suffering from mental health challenges with online resources

    Regional collaborative assists those suffering from mental health challenges with online resources

    Plenty of baseball to watch without stepping into a big league stadium

    Plenty of baseball to watch without stepping into a big league stadium

    Matthew 25 cuts the ribbon on new mobile sexual health unit

    Matthew 25 cuts the ribbon on new mobile sexual health unit

    The Gnomes of Audubon Forest, a Henderson Tourist Commission initiative, is a scavenger hunt for all ages

    The Gnomes of Audubon Forest, a Henderson Tourist Commission initiative, is a scavenger hunt for all ages

    Trending Tags

No Result
View All Result
The Hendersonian
No Result
View All Result
Home News Politics

Another income tax rate cut is headed to the Kentucky governor’s desk

Liam Niemeyer by Liam Niemeyer
February 4, 2025
in Politics, State
0
0
SHARES
110
VIEWS
Share on FacebookShare on Twitter

Courtesy of Kentucky Lantern

A bill that would further cut the state’s income tax rate is headed to Kentucky Gov. Andy Beshear’s desk after final passage Tuesday in the Kentucky Senate. 

House Bill 1, sponsored by House Appropriations and Revenue Committee chair Jason Petrie, R-Elkton, would reduce the individual income tax rate from 4% to 3.5% effective Jan. 1, 2026. The change will reduce state revenues by an estimated $718 million annually, according to a fiscal note. The Republican-controlled legislature in 2022 reduced the rate by a half percentage point from 5% and by the same amount again in 2023.

Similar to when it passed the Kentucky House of Representatives in January, HB 1 garnered some bipartisan support with a 34-3 vote in the Kentucky Senate. Four Democrats voted for the legislation alongside all Republicans while three Democrats opposed it. Sen. Chris McDaniel, R-Ryland Heights, touted the actions of the GOP-dominated legislature over the past several years to reduce the income tax rate while making investments throughout the state. He pushed back against past criticisms that the legislature hasn’t properly funded the state’s educational system. 

“The General Assembly is going to do everything in its power, and frequently with success, to lower your taxes,” McDaniel said. “We fully fund our educational system and then some. To those that criticize this General Assembly, I say you do not know what you’re talking about.” 

Beshear, a Democrat, has said he intends to sign the bill.

Sen. Cassie Chambers Armstrong, D-Louisville, who voted against the bill, said she appreciated the intent of the legislation to give money back to Kentuckians but worried cutting the income tax rate further would primarily benefit wealthier Kentuckians, echoing other concerns from interest groups. 

“I also worry about cutting our revenues at a time of such economic uncertainty. We don’t know what tariffs, if any, might be coming. We don’t know what federal funds, if any, might be going away,” Chambers Armstrong said, referencing the Trump administration’s efforts to impose tariffs on China, Canada and Mexico and freeze federal funding, a move that’s been blocked in court. 

Sen. Gex Williams, R-Verona, had withdrawn a floor amendment that would more quickly reduce the state income tax. McDaniel had warned earlier in the session against “stunts” to reduce the income tax rapidly that could impact the state budget and create consequences at the ballot box. Some Republicans among the GOP supermajorities in the legislature want to more expediently reduce the income tax rate to zero. 

Williams said after discussing with fellow lawmakers, he received a commitment for the body to consider mechanisms that would allow the legislature to reduce the income tax rate by greater than a half percentage point. The current framework established by Republicans in 2022 allows for only a half percentage point cut every year if certain fiscal triggers are met. 

“I am looking forward to this next session that we will be able to strive for a greater than one half percent cut,” Williams said. 

Kentucky Lantern is part of States Newsroom, the nation’s largest state-focused nonprofit news organization.

Previous Post

Mayor requests HWU to explain what led to “catch-up” bills

Next Post

BRIEFS: Mills picked for regional committee; Man convicted of child sex charges; Lions auction nears

Liam Niemeyer

Liam Niemeyer

Next Post

BRIEFS: Mills picked for regional committee; Man convicted of child sex charges; Lions auction nears

Recent News

Grants available from Deaconess Henderson Hospital Community Program Fund

Hospital CAO: Deaconess Henderson will not close

June 21, 2025

Opinion: Antisemitism on college campuses is old hate repackaged

June 21, 2025
Wind turbine ordinance, which would be the first in Kentucky, is key to what ultimately occurs in Cordelio project

Wind turbine ordinance, which would be the first in Kentucky, is key to what ultimately occurs in Cordelio project

June 21, 2025
Laughter, or the joy of making friends with one serious disease

Laughter, or the joy of making friends with one serious disease

June 20, 2025
  • Sign Up
  • About
  • Advertise
  • Contact Us
  • Account
  • Log In

© 2025 The Hendersonian • Henderson, KY 42420

No Result
View All Result
  • Home
  • News
  • Tech
  • Entertainment
  • Lifestyle
  • Sign Up
  • About
  • Advertise
  • Contact Us
  • Login

© 2025 The Hendersonian • Henderson, KY 42420