These Services Will Be Taxed in Kentucky Starting in January.

Now that we are all speeding toward Christmas and the end of the year, what can we look forward to here in Kentucky as far as prices and income taxes in 2023? Well, it’s a bit of a double-edged sword.

LOWER INCOME TAXES, BUT NEW TAXES FOR SERVICES

So while the Kentucky Legislature voted to lower income taxes starting next year for some breathing room for residents, however, to offset the cost, certain services will have a 6% sales tax added starting on January 1st.

House Bill 8, which passed earlier this year, drops the state’s income tax from 5% to 4.5%. A person who earns $60,000/year will now pay $2,700 in state income taxes in 2023 as opposed to $3,000 this past year.

WHICH SERVICES ARE NOW GETTING A SALES TAX?

Some of these services you’ll look at and say “I have no idea what that is”, however, a lot of them are very common for everyone.

Here is the list of services that will now have a sales tax tacked on:

1. Photography and photo finishing
2. Marketing
3. Telemarketing
4. Public opinion and research polling
5. Lobbying
6. Executive employee recruitment
7. Website design and development
8. Website Hosting
9. Facsimile transmission
10. Private mailroom
11. Bodyguard services
12. Security system monitoring
13. Private investigation services
14. Process server services
15. Repossession of personal property
16. Personal background check services
17. Parking services
18. Road and travel services
19. Condo time-share exchange services
20. Short-term rental of space
21. Social event planning and coordination
22. Leisure, recreational, and athletic instructional…