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PRODID:-//ChamberMaster//Event Calendar 2.0//EN
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CALSCALE:GREGORIAN
BEGIN:VEVENT
DTSTART:20180821T160000Z
DTEND:20180821T173000Z
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SUMMARY:Lunch & Learn - New Sales Tax Law
DESCRIPTION:Confused by changes to Kentucky's sales tax laws? \n\nThen you won't want to miss the next \n\nFrankfort Area Chamber Lunch & Learn\n\n \n\nDuring the 2018 Regular Session of the Kentucky General Assembly\, state lawmakers enacted tax reform.  The legislation makes important changes to Kentucky's tax code that impact many businesses and non-profits.  Effective July 1\, 2018\, Kentucky's sales tax laws were extended to apply to new services and admissions. Many questions have arisen regarding the proper application of the new laws.\n\n \n\nThe Frankfort Area Chamber is hosting a special Lunch & Learn on Tuesday\, August 21\, 2018.  Tax experts Erica Horn\, Associate Director of Tax Services\, Dean Dorton\, and Executive Director Richard Dobson\, KY Department of Revenue\, Office of Sales & Excise Taxes\, will be educating members on the Sales Tax changes\, answering implementation questions and provide an overview of the next steps for businesses in this process.   \n\n \n\nSome of the key changes in Kentucky's 2018 tax reform include:\n\n  Raising Kentucky's cigarette tax by 50 cents to $1.10 per pack\n\n  Extending the existing 6% sales and use tax to certain services\n\n  Reducing the individual and corporate income tax rates to a 5% flat rate\n\n  Adopting a single factor apportionment formula\n\n  Mandating unitary combined reporting beginning January 1\, 2019\n\n  Providing a tax credit for the business inventory tax\n\n  Conforming state tax law with the new federal law with a few exceptions.\n\n \n\nIf you are unable to attend the luncheon and would like more information about Kentucky's tax reform\, please visit the Kentucky Department of Revenue's new website:TaxAnswers.ky.gov
X-ALT-DESC;FMTTYPE=text/html:<span style="font-weight:bold\;"><span style="font-size:18pt\;">Confused by changes to Kentucky&#39\;s sales tax laws? </span></span><br />\n<span style="font-weight:bold\;"><span style="font-size:16pt\;">Then you won&rsquo\;t want to miss the next </span></span><br />\n<span style="font-weight:bold\;"><span style="color:#00cc00\;"><span style="font-size:18pt\;">Frankfort Area Chamber Lunch &amp\; Learn</span></span></span><br />\n&nbsp\;<br />\n<span style="font-size:12pt\;">During the 2018 Regular Session of the Kentucky General Assembly\, state lawmakers enacted tax </span><span style="font-size:12pt\;">reform.&nbsp\; The legislation makes important changes to Kentucky&rsquo\;s tax code that impact many businesses and non-profits.&nbsp\; </span><span style="font-size:12pt\;">Effective July 1\, 2018\, Kentucky&#39\;s sales tax laws were extended to apply to new </span><span style="font-size:12pt\;">services and admissions. Many questions have arisen regarding the proper application of the new laws.</span><br />\n&nbsp\;<br />\n<span style="font-size:12pt\;">The Frankfort Area Chamber is hosting a special Lunch &amp\; Learn on Tuesday\, August 21\, 2018.&nbsp\; Tax experts Erica Horn\, Associate Director of Tax Services\, Dean Dorton\, and Executive Director Richard Dobson\, KY Department of Revenue\, Office of Sales &amp\; Excise Taxes\, will be educating members on the Sales Tax changes\, answering implementation questions and provide an overview of the next steps for businesses in this process.&nbsp\; </span>&nbsp\;<br />\n&nbsp\;<br />\n<span style="font-weight:bold\;"><span style="font-size:11pt\;">Some of the key changes in Kentucky&#39\;s 2018 tax reform include</span></span>:<br />\n<span style="direction:ltr\;unicode-bidi:embed\;"><span style="font-size:12pt\;"><span style="font-family:symbol\;">&middot\;</span></span></span>&nbsp\;<span style="font-size:11pt\;">Raising Kentucky&#39\;s cigarette tax by 50 cents to $1.10 per pack</span><br />\n<span style="direction:ltr\;unicode-bidi:embed\;"><span style="font-size:12pt\;"><span style="font-family:symbol\;">&middot\;</span></span></span>&nbsp\;<span style="font-size:11pt\;">Extending the existing 6% sales and use tax to certain services</span><br />\n<span style="direction:ltr\;unicode-bidi:embed\;"><span style="font-size:12pt\;"><span style="font-family:symbol\;">&middot\;</span></span></span>&nbsp\;<span style="font-size:11pt\;">Reducing the individual and corporate income tax rates to a 5% flat rate</span><br />\n<span style="direction:ltr\;unicode-bidi:embed\;"><span style="font-size:12pt\;"><span style="font-family:symbol\;">&middot\;</span></span></span>&nbsp\;<span style="font-size:11pt\;">Adopting a single factor apportionment formula</span><br />\n<span style="direction:ltr\;unicode-bidi:embed\;"><span style="font-size:12pt\;"><span style="font-family:symbol\;">&middot\;</span></span></span>&nbsp\;<span style="font-size:11pt\;">Mandating unitary combined reporting beginning January 1\, 2019</span><br />\n<span style="direction:ltr\;unicode-bidi:embed\;"><span style="font-size:12pt\;"><span style="font-family:symbol\;">&middot\;</span></span></span>&nbsp\;<span style="font-size:11pt\;">Providing a tax credit for the business inventory tax</span><br />\n<span style="direction:ltr\;unicode-bidi:embed\;"><span style="font-size:12pt\;"><span style="font-family:symbol\;">&middot\;</span></span></span>&nbsp\;<span style="font-size:11pt\;">Conforming state tax law with the new federal law with a few exceptions</span><span style="font-family:arial\;"><span style="font-size:11pt\;">.</span></span><br />\n&nbsp\;<br />\n<span style="font-size:12pt\;">If you are unable to attend the luncheon and would like more information about Kentucky&#39\;s tax reform\, please visit the Kentucky Department of Revenue&#39\;s new website:</span><a href="http://r20.rs6.net/tn.jsp?f=001oXZz08UHMoe-RoKsNbWKJfizq5yRmcazTjlmsYBB_l-Y9SPDKjlgs4vmDv0hIldCjlhw_7z0cN3mh-gfIUoNocZM7Ofi9QqQj932eQGKpAZRx19ZMPzYp0O6_Dux2hTbkpLWTE0iAcH7Oxu21CojNSztb0V92v4WnhEqEAQT4ru5_6nub2U3z4OGdxLKDC74gw0haZksQOQ=&amp\;c=kC75y5vIKM3UrHsRzThDHTp1OubS0iI-iylq1O4DGduq0z2V6DEn-A==&amp\;ch=rjsfJtenzFhmTuJCxqcX-ESkD2i91iI3EIot04nhjrAaI-wgebdJkg=="><span style="font-weight:bold\;"><span style="font-size:12pt\;">TaxAnswers.ky.gov</span></span></a><br />\n&nbsp\;<br />\n<br />\n&nbsp\;
LOCATION:Paul Sawyier Public Library Wapping Street
UID:e.1786.3018
SEQUENCE:3
DTSTAMP:20260426T023459Z
URL:https://members.frankfortky.info/events/details/lunch-learn-new-sales-tax-law-3018
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