Wednesday, January 05, 2011
Bill Seeking Review Of Tax Code Clears Senate Committee
KENTUCKY....
A proposal by Kentucky Senate President David Williams to create an outside commission on revamping the state's tax code won Senate Appropriations and Revenue Committee approval Wednesday. However, it drew an ominous dissent from House Speaker Greg Stumbo who suggested the approach would abdicate the General Assembly's role in shaping tax policy. Stumbo predicted the measure would face "great difficulty" passing the House. The measure would limit lawmakers to an up-or-down vote on any tax modernization plan crafted by a group of economists and others without the ability to make substantive changes.
A proposal by Kentucky Senate President David Williams to create an outside commission on revamping the state's tax code won Senate Appropriations and Revenue Committee approval Wednesday. However, it drew an ominous dissent from House Speaker Greg Stumbo who suggested the approach would abdicate the General Assembly's role in shaping tax policy. Stumbo predicted the measure would face "great difficulty" passing the House. The measure would limit lawmakers to an up-or-down vote on any tax modernization plan crafted by a group of economists and others without the ability to make substantive changes.
# posted by Homer Owens @ 11:45 PM 
