The newly formed Kentucky Automotive Caucus membership includes about half of the state general assembly. The group was officially recognized during a ceremony in the Capitol Rotunda on Tuesday. Toyota’s Kim Menke says Governor Bevin’s comments on workforce development during his budget address touched on a key issue. “We want to continue to be able to operate with our existing businesses with the retirement waves that are coming,” Menke said. “Being able to back fill those positions and then we all want to grow as well.”
Kentucky Automotive Industry Association Director Dave Tatman admits now is not the ideal time for tax reform, but he says the commonwealth is at a competitive disadvantage in two tax areas. “Inventory tax is tax created for carrying costs of inventory,” said Tatman. “It’s a big issue to our distribution and logistics folks and then the other, personal use tax, is paying taxes on the equipment you use every day to build your products.”
Automotive related businesses are found in 80 of the state’s 120 counties. ?
