For years Kentucky counties bordering Tennessee have beat the drums drawing attention to reform state tax laws to allow Kentucky to be more competitive and more attractive to live, work and invest. Citizens across southern Kentucky have watched our neighbors to the south flourish exponentially year after year. A quick Google search for an aerial image of the Kentucky-Tennessee state line along Christian and Todd Counties is a telling story illustrating the growth difference between the two states.
After years of the legislature wrangling over the subject, in 2018 and 2019, Kentucky implemented a series of successful reforms to drive down income taxes. These reforms have generated strong revenues for the state and new economic growth and investment in Kentucky, proving tax reform works. However, states adjacent and around the country continue to outpace Kentucky. Sixteen states have passed legislation to cut taxes in recent years, with more to come in 2022. These states include major competitor states like Missouri, Ohio, and North Carolina. Kentucky needs to make sure it is positioned to compete for population, workers, and jobs.