Governor Ernie Fletcher’s Communications Office
Governor Fletcher to Call Special Session on Business Taxation
FRANKFORT, Ky. – Governor Ernie Fletcher today announced his intention to call the General Assembly into Special Session on June 22, 2006, to address the business tax relief issue that was not resolved during the 2006 Session of the General Assembly.
“It appears that legislative leaders have reached consensus on a plan to provide the necessary tax relief to Kentucky business without delaying the scheduled reduction in the corporate income tax rate,” Governor Fletcher said. “I have informed House and Senate leadership of my intention to issue the call to enact this important legislation as soon as the leaders of each chamber confirm that they have reached a consensus.”
Over the past few weeks, the governor’s office has worked with legislative leaders on a draft of the proposed legislation. Leaders of the two chambers are expected to finalize their reviews of the proposed legislation tomorrow. If a consensus on the proposed legislation is reached tomorrow, Governor Fletcher will convene the General Assembly in Special Session beginning on June 22, 2006.
Governor Fletcher has advised the General Assembly that, for any portion of tax relief to take effect this year, their work must be completed by month’s end to allow the Department of Revenue time to print forms and make software changes reflecting the new provisions prior to the next tax season.