The Kentucky Senate passed a bill this week that will deliver over $1 billion in income tax rebates to taxpayers in the state.
The bill, which passed in a 28-7 vote, would deliver up to $500 per individual and up to $1,000 per household in the coming months to assist Kentuckians with rising grocery, gas and housing prices. The proposal moves to the House next for a vote.
The funds will be drawn from the state’s generous revenue surplus. The bill will be voted upon along with another bill that would gradually decrease the state’s individual income tax in order to provide some financial relief for taxpayers.
“This bill is not a statement about anything other than who gave the state this money and who needs this money the most,” said a sponsor of the bill, Republican Sen. Chris McDaniel.
ARTICLE: LAURA SPIVAK
MANAGING EDITOR: CARSON CHOATE
PHOTO CREDITS: AP NEWS
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