‘It’s ridiculous.’ Small boats taxed 30x higher than luxury houseboats.

Kentucky's property tax rate on small fishing and ski boats in Kentucky is 30 times higher than on many houseboats.
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Kentucky's property tax rate on small fishing and ski boats in Kentucky is 30 times higher than on many houseboats.

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Kentucky’s tax problem

Kentucky’s legislature needs billions of dollars to pay down the state’s unfunded pension liabilities. As it happens, Kentucky essentially gives away billions of dollars every year through what are called “tax expenditures.” Will Kentucky lawmakers close some of these loopholes?