Institute on Taxation and Economic Policy (ITEP)

Kentucky

Lexington Herald-Leader: How are gas prices set in KY? From oil to the pump, here’s what to know

July 9, 2026

In the South, rising costs averaged to about an additional $39.42 in monthly expenses on gas, according to data from the Institute on Taxation and Economic Policy.

report  

State-by-State Tax Expenditure Reports

July 1, 2026 • By ITEP Staff

Below is a list of tax expenditure reports published in the states.

blog  

State Rundown 6/11: Taxing the Rich Heats Up

June 11, 2026 • By ITEP Staff

State Rundown 6/11: Taxing the Rich Heats Up

As we head into summer, many state legislatures are in the final stretches of their sessions. Rhode Island moved another step closer to joining the ranks of Washington, Maine, and Hawai’i in enacting a new high-income surcharge this year.

State Rundown 5/7: Federal Showers Make States Dour

The effects of last year’s federal tax and spending cuts continue to ripple through the states. With gas prices soaring due to the Iran war, some states are attempting to provide a bit of relief in the form of gas tax reductions and suspensions.

State Rundown 4/8: Budget and Tax Packages Take Shape as Sine Die Approaches in Many States

State legislative sessions are wrapping up, and final tax and budget packages are making their way to governors’ desks.

These States Are Most Impacted by the Spike in Gas Prices

The recent spike in gasoline prices is on pace to cost American drivers an extra $9.4 billion per month. Gas prices are up dramatically across the country, but the South has been hit hardest and is on pace to pay $4.2 billion more per month.

State Rundown 3/18: New Mexico Enacts Most Significant Corporate Tax Reform of the Year

As states lawmakers continue to weigh their linkages to the federal tax code in light of the recent federal tax law, New Mexico provides a blueprint for limiting multinational corporate tax avoidance.

State Rundown 1/7: New Year, New Opportunities for Progressive Revenue

As we kick off a new year, several states are facing revenue shortfalls. Some lawmakers are approaching the challenge with sustainable and equitable solutions.

Kentucky’s legislative leaders have made reducing the state’s individual income tax rate their top priority in recent years. Lawmakers have repeatedly acted on that, reducing the rate several times and costing the state billions annually that could have been invested in kids and families. Read more.