There’s no denying that times are tough for everyone right now; business, family and government alike. But the Kentucky Chamber believes that many state governments are unjustifiably attempting to reconcile their budgets at the expense of employers by creating new laws subjecting taxpayers to additional taxes or worse, depriving taxpayers of a right to pursue refund claims of overpaid taxes. The Chamber has taken a stand against this issue by filing a friend of the court, or amicus brief, just last week in the Ford Motor Credit v. Department of Treasury case.
“It is critical that we defend against retroactive tax legislation,” said Bryan Sunderland, VP of Public Affairs. “These laws are targeted attempts to balance state budgets on the backs of employers. The last thing job creators need is to be burdened by unexpected government-imposed costs.”
The Kentucky Chamber filed its amicus brief, which was submitted by Mark Sommer and Jennifer Barber of Greenebaum Doll & McDonald, PLLC, in conjunction with the U.S. Chamber and the Michigan Chamber, in hope of providing a more stable and predictable tax environment for businesses.