The Modernization of Local Tax Collection legislation introduces a single online portal for businesses to pay local payroll and net profits taxes across all jurisdictions, simplifying the process and reducing administrative burdens. Overseen by the State Treasurer, the system ensures funds are deposited into local accounts within one day and includes audit and compliance reporting. It respects home rule, allowing local governments to maintain control over tax rates, and is cost-free for jurisdictions, with expenses covered by businesses using the portal. The initiative aims to increase compliance, support small businesses, and encourage economic development, with a carefully planned implementation set for January 1, 2027.
We need you to take time to call your State Senator and Representative and tell them it is time to enter the 21st century. Please use the talking points located on the resource tab.
Effective communication with stakeholders is vital for achieving results, fostering collaboration, and driving progress in any initiative. Whether engaging with legislators, industry leaders, or community advocates, using the right resources ensures your message is clear and impactful.
Utilize tools like talking points, legislative guidelines, and insights from sources like the KY CPAs to guide your efforts and help transform Kentucky into a thriving 21st-century economy that supports small businesses.
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