Stumbo: No tax reform package coming this session

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Associated Press

Posted on February 20, 2013 at 12:01 PM

FRANKFORT, Ky. (AP) — House Speaker Greg Stumbo says he doesn't expect a tax reform package to be brought up for a vote in the current legislative session.

Stumbo told reporters Tuesday that such a package doesn't have the 60 votes necessary to pass in the House.

A special commission appointed by the governor proposed reforms that could generate about $690 million a year in additional revenue.

Stumbo said one of the proposals made by the commission could surface in days ahead as a method of shoring up Kentucky's weakening pension system for government retirees. That proposal calls for raising the cigarette tax from 60 cents to $1 a pack, which could generate $100 million for the pension system.

A special session on tax reform is possible if lawmakers adjourn without taking action.

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