Pegasus Institute

Even after reducing its pension exclusion during the last legislative session, Kentucky still has one of the highest in the country. Retiree

Though it has been treated as if it was one of the Ten Commandments, Kentucky’s pension exclusion, which exempts pension income from state income taxes, has actually only been in place since 1995. In 1997, the exclusion amount was increased from $6,250, where it had been established two years earlier, to $35,000 and indexed to inflation. The indexing was frozen as part of the 2005 tax reform package at $41,110, providing us with the arbitrary figure that the exclusion remaine

After a packed first week followed by several weeks off, the Kentucky General Assembly will return on Tuesday for the remainder of this short, odd year session. Of the bills that have been filled, or are going to be filled, these are five that we are watching*. 1) HB 103- Charter School Legislation: Several interesting and important debates will unfold over the remainder of this session, but none are more intriguing than the charter school legislation. The number of authorize