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McCracken County fiscal court adopts ordinance cutting insurance premium tax to 4.9%
Summary
The fiscal court adopted Ordinance 2026-01 on second reading, lowering insurance premium tax rates for automobile and life insurance categories from 6.9% to 4.9%, effective July 1, 2026; officials cited improved county finances from prior revenue actions and anticipated incoming projects as reasons for the reduction.
On second reading, McCracken County Fiscal Court adopted Ordinance 2026-01 to reduce the county insurance premium tax on certain categories, including automobile and life insurance, from 6.9% to 4.9%, effective July 1, 2026.
The ordinance summary read on the record cited statutory authority (as read in the transcript: KRS 91A.080) and said the change was possible because the county is…
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