The Times Journal & Russell County News
Thursday, Jul. 24, 2014 — RUSSELL SPRINGS & JAMESTOWN, KENTUCKY — russellcounty.net
Get online news updates FREE - Subscribe:  [?]
Google

Payroll taxes and net profit taxes!
In April 14 Issue

The Russell County Judge Executive and magistrates continue to be the target of discussion as the payroll tax and net profit tax issue remains on the table.

It is difficult for this court to all at once convince everyone this tax increase is needed when the track record of successful business decisions in the past few years has not been so positive.

The past few couple of meting have also left us wondering just how informed the court is and how accurate is all the figures we are hearing.

The same is probably true for a lot of us.

The occupational tax is one issue, the net profit tax issue is another.  Yet, most see them as one.

Representatives from the state told the court at the previous meeting they did not know of any county that had both taxes in one ordinance, and very few counties actually had a net profit tax.

Many of those paying the payroll tax also feel the businesses should pay their part and the net profit tax should remain.

At this meeting it appeared the court was ready to pass an ordinance that would place one percent net profit tax on every business as well as the occupational tax.

After listening to Terry Stephens a cap was placed on the net profit side of the ordinance. He explained how this could be devastating to existing businesses and especially devastating to any potential business as they would certainly locate elsewhere without such a tax.

No one knew or could even imagine how much this would cost businesses or produce in tax revenue for the county.

Stephens also stated the county would likely be flooded with lawsuits as larger businesses were not going to turn their tax records over to the county.

The present tax ordinance is estimated to generate some $1.6 million.

It has been stated the county needs an estimated $1.2 million  to get out of the hole.

W e can understand the county is in a hard situation and certainly needs additional revenue.  But we have to say it does leave a little sour taste when it appears the way to solve any government problem is just simply add on the taxes.

This issue could have taken another route entirely, if the public and county leaders were better informed or involved in the process.

At the meeting this week, Gene Royalty, Industrial Authority director spoke to the court and explained also the working relationship and atmosphere between industry and government was high priority when it comes to locating industry.

Other business leaders, Randy Hart, Ivan Bennett, Brian Walters, along with Terry Stephens also expressed their concern about the tax issue.

Stephens again suggested to the court they present a business plan of exactly how much money they needed and for what purpose.

We have to agree with Stephens, perhaps a plan, a discussion, and a meeting with county leaders and business leaders could find a common ground.

Content Management Powered by CuteNews
SUBSCRIBE to The Times Journal: CLICK HERE

SPONSORED LINKS


Publish Yourself PUBLISH YOURSELF
You can publish news about your group or organization directly to our site, using your computer.
CLICK HERE
Laker Band LAKER BAND
Visit the award-winning official web site for the Russell County Marching Band.
CLICK HERE
Lake Cumberland Web Cams LIVE WEB CAMS
Views of Lake Cumberland as it is right now, from a number of web cams.
CLICK HERE
Lake Cumberland LAKE CUMBERLAND
lakecumberland.com
Official site for Lake Cumberland with everything for the lake visitor and fisherman.
CLICK HERE
The Times Journal is a weekly newspaper issued on Thursdays. It was first published on October 13, 1949, by Andrew J. and Terry Norfleet.
-
P.O. Box 190
120 Wilson St.
Russell Springs KY 42642
Phone: 270-866-3191
Fax: 270-866-3198
Russell County News is a weekly newspaper issued on Saturdays, and is mailed free to every address in Russell County, Ky. It was first published on February 1, 1913.
-
404 Monument Square
Jamestown KY 42629
Phone: 270-343-5700
Publisher:
David Davenport
(publisher@tjrcn.com)
Managing Editor:
Greg Wells
(editor@tjrcn.com)
News & Sports Editor:
Derek Aaron
(sports@tjrcn.com)
Advertising Manager:
Stephanie Smith
(ads@tjrcn.com)
Business Manager:
Kim Haydon
(business@tjrcn.com)
Production Manager:
Renee Daffron
(people@tjrcn.com)
Jamestown Office:
Kim Graham
(rcnoffice@tjrcn.com)
PUBLIC MEETINGS
Members of the public may attend meetings. Boards or agencies may schedule other meetings at special times, but are required to notify the public.
FISCAL COURT: 2nd Monday of month, 6 p.m. in the Courthouse
RUSSELL SPRINGS CITY: 2nd Thursday of month, 6 p.m. in the City Hall Municipal Room
JAMESTOWN CITY: 3rd Thursday of month, 6 p.m. in basement meeting room at City Hall
SCHOOL BOARD: 3rd Monday of month, 6:30 p.m., Board of Education office in Jamestown
LIBRARY BOARD: 2nd Tuesday of month, 5 p.m. at Jamestown Library
AIRPORT BOARD: 1st Tuesday of month, 5 p.m. at Airport
TOURISM COMMISSION: 2nd Wednesday of month, 12:30 p.m. at Tourism Office
CHAMBER OF COMMERCE: 3rd Tuesday of month, noon at The Cove restaurant
LOCAL & AREA
NEWS SITES
The links below open new windows. We are not responsible for the content of the sites.
Laker Country WJRS
(Russell Springs)
lakercountry.com/
WKYM-1017 (Monticello)
wkym.com/
Adair Progress (Columbia)
adairprogress.com/
Casey County News (Liberty)
caseynews.net/
Clinton County News (Albany)
clintonnews.net/
Cumberland County News (Burkesville)
burkesville.com/ccn/
Wayne County Outlook (Monticello)
wcoutlook.com/
Somerset
Commonwealth-Journal
somerset-kentucky.com/
Danville
Advocate-Messenger
amnews.com/
Lexington Herald-Leader
kentucky.com/
Louisville Courier-Journal
courier-journal.com/
WKYT-TV, Lexington
wkyt.com/
WBKO-TV, Bowling Green
wbko.com/
USEFUL SITES
The links below open new windows. We are not responsible for the content of the sites.

RUSSELL CO. OFFICIALS
RUSSELL COUNTY SCHOOLS
RUSSELL CO. LIBRARY

LAKE CUMBERLAND
STATE RESORT PARK
TV LISTINGS:
Choose your service and provider
SOMERSET MOVIE SHOWTIMES

.