Louisville, KY: Governor Ernie Fletcher visited Louisville today to promote the tax modernization proposal passed last week by the Kentucky General Assembly. The historic tax reform measure was based on Governor Fletcher’s JOBS for Kentucky tax modernization plan. Governor Fletcher also spoke about budget projects which benefit the Greater Louisville area.
During his visit to the state’s largest city, Governor Fletcher highlighted benefits of the tax modernization plan: reduction or elimination of income taxes for virtually every Kentuckian; up to $500 in annual tax credits for college tuition; repeal of corporate license taxes and a more equitable business tax structure; incentives for economic development and environmental initiatives; redirection of equine tax revenues to reinvest in Kentucky’s signature industry.
“Tax modernization is important to the people of Louisville and the rest of the Commonwealth,” Governor Fletcher said. “By restructuring the state’s outdated tax code, we can achieve a more reliable revenue system and promote economic opportunities for every citizen of Kentucky.”
Governor Fletcher also highlighted budget projects, including $65 million for a health science research facility at University of Louisville’s medical complex, $55 million for renovation and expansion of the state fairgrounds, and $300 million for transportation projects in Jefferson County.
Governor Fletcher was also scheduled to visit Owensboro, Henderson, Madisonville, and Bowling Green today.