For this issue of KyCPA’s 2022 Journal, P. Anthony Allen provide a recap of KyCPA’s 2022 policy wins and explain how your investments through membership and via contributions to the Political Action Committee (PAC) impact the laws, rules, and regulations that affect Kentucky CPAs.
Thursday, April 14, 2022, marked the end of the 60-day Regular Session of the Kentucky General Assembly with the passage of significant legislative reforms, tax modernization, and the next two-year budget for the Commonwealth. With supermajorities in both chambers of the General Assembly, Republicans passed overrides on multiple Gubernatorial vetoes; however, differences were not limited to party affiliation alone. House and Senate Republicans compromised on various budget proposals, tax reform, and re-districting bills. Political differences aside, the General Assembly and the Governor agreed upon non-controversial measures, including tornado aid, unemployment insurance relief, and CPA scholarship opportunities.
On February 16, 2022, KyCPA's Day at the Capitol wrapped up with a successful turnout of Society members, key legislators, and policy staff. Approximately 50 legislators and staff attended the grab-and-go breakfast in the Kentucky Capitol Annex Building with visits from House Republican Leadership, House Appropriations & Revenue (A&R) Committee legislators and staff and over 20 members of KyCPA.
