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Executive order addresses KY vehicle tax increase

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Governor Andy Beshear at Press Conference 2-16-22

Governor Andy Beshear has announced plans to assist Kentucky families feeling the effects of record-high inflation.

Property taxes for vehicles have climbed an average of 40% over the last year due to various shortages causing an increased demand in the car market.  Beshear signed an executive order today to halt that tax rate for the next two years.

Those who have already paid their vehicle taxes this year will be getting a refund from their local county clerk.

Beshear is also proposing legislation to temporarily decrease Kentucky’s sales tax from six to five-percent.  Kentucky House Democratic Caucus Whip Angie Hatton is filing the bill.  If passed, it would go into effect for the fiscal year beginning July 1st, and end June 30th, 2023.

Tanner Boyd (Class of 2016) has been named assistant news director at Morehead State Public Radio (MSPR), 90.3 FM, WMKY.