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Legislative Update - Friday, January 15, 2021

Bankers have a lot of ‘irons in the fire’ as federal and state governments weigh legislation and programs with sweeping economic implications for everyone.

Legislative Update

We don’t think you need reminding however, going forward as of January 1st, 2021, the banking industry will now be taxed by the corporate tax rate for the state of Kentucky taxes as opposed to the bank franchise tax.

Welcome to the 2021 General Assembly

Today is the first legislative day of the 2021 Session of the General Assembly. As this is an odd numbered year, this is a short session lasting only 30 working days and ending by March 30.

Kentucky Amends Estate Claim Statutes

Effective July 15, 2020 there are substantive changes to the Kentucky Revised Statutes that you should be aware of regarding the filing of unsecured claims in probate cases.