Kentucky will lose $134.8 million in total state and local tax revenue from the hotel industry due to COVID-19, according to an Oxford Economics estimate released by the American Hotels and Lodging Association.
Kentucky collected $48 million in property taxes during the second quarter of 2020, a 34.2 percent decrease from the same period the previous year, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.
Kentucky collected $48 million in property taxes during the second quarter of 2020, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.