Tom Underwood, state director of the National Federation of Independent Business (NFIB) in Kentucky, briefed members on April 23 about key outcomes from this year’s General Assembly session, emphasizing several victories for small businesses.
Underwood said that approximately 1,300 bills were introduced during the 60-day session, which concluded on April 15. Of those, only 180 became law. He described the state’s new two-year budget as “generally a very conservative” plan with broad spending cuts outside education and Medicaid as lawmakers responded to reduced federal pandemic funding.
One major legislative achievement highlighted by Underwood was House Bill 518. He said this measure will simplify local tax filing by creating a uniform online system for payroll and business taxes across jurisdictions. This is expected to reduce paperwork burdens for employers. Another notable bill was House Bill 542, which aims to increase transparency and fairness in eminent domain cases affecting property rights.
Underwood also noted that there were few changes to major taxes during the session. There were no increases to income or sales tax rates; however, he mentioned that sales tax collection was expanded to include data brokers.
The NFIB supports Kentucky communities by advocating for small businesses through legislative efforts and economic analysis according to its official website. The organization engages with the Kentucky General Assembly and offers policy tools and reports designed to advance small business priorities statewide. Founded in 1943 as a nonprofit and nonpartisan group, it is recognized as a leading advocate for independent businesses according to its official website.
Looking ahead to next year’s legislative session in 2027, Underwood encouraged members: “They don’t understand your business and the challenges you face” unless you tell them.
