Ky Legislature apparently has passed a tax reform bill today, among other things adding sales taxes to various services, while lowering the individual and corporate rate to 5%. VERY early analysis says it could add $400-500M to revenue. If true, I will congratulate the legislature for taking a tough vote on a tough issue and at least starting the process to getting our code modernized. It is LOOOOONNNNNGGG overdue. Next, I wish they would look at all the exemptions on the books as well, and analyze whether they make sense anymore.