Attorney General Jack Conway is joining a national effort by state and territorial attorneys general to urge Congress to extend tax relief for citizens that had mortgage debt canceled or forgiven because of financial hardship or a decline in housing values.
Attorney General Conway was one of 42 attorneys general to sign a letter to U.S. House and Senate leaders asking Congress to extend the exclusion, which has been in effect since 2007 and will otherwise expire on December 31st.
Attorney General Conway stated extension of this tax exclusion is estimated to save taxpayers almost $1.3 billion over two years.
Under the federal Mortgage Debt Relief Act, in effect since 2007, mortgage debt that is forgiven after a foreclosure or short sale or through a loan modification provided to a homeowner in financial hardship may be excluded from a taxpayer’s calculation of taxable income and only applies to mortgage debt forgiven on primary residences.
Unless Congress acts, any debt relief provided in 2013 under the National Mortgage Settlement, as well as other mortgage debt relief programs, will likely be considered taxable income.
Suicides continue to be a major concern for top military leadership and the 101st Airborne Division is no exception.
The country has been at war for more than a decade, and now key leadership are starting to see the mental and physical strife that has been put on the shoulders of service members, who are constantly deploying to war torn countries.
Fort Campbell Garrison Chaplain, Lieutenant Colonel Jeff Houston says he knows first hand the struggles of local soldiers and urged local religious groups and military-friendly organizations to band together to help a soldier seek counseling or find a support network.
Lieutenant Colonel Houston says suicides have steadily increased since the War on Terrorism first began, despite an Army-wide effort to provide top-notch counseling and support services for local soldiers.
A Thanksgiving tradition will be renewed in Hopkinsville Thursday morning when residents will run down town for the annual Turkey Trot.
Hopkinsville Mayor Dan Kemp says it’s a good way to burn the calories before you ever eat them.
There is no fee to participate in the 5K that begins at the farmers market pavilion, but Mayor Kemp says donations to the rails to trails project would be appreciated.
Participants can run the entire three miles, walk it or do a combination of both. The event is part of an effort to promote a healthier community in Hopkinsville.
The Hopkinsville Fire Department is asking for the public’s help in accumulating toys for its annual Christmas for Kids campaign.
Toys for children of all ages are being accepted at all fire stations through December 14th and Inspector Cecelia Cloos says they are much-needed to provide hundreds of local families with a better Christmas.
Inspector Cloos says it’s a big effort that is only possible with the support of the community.
The toys should be new and unwrapped. Anyone wanting to make monetary donations can write checks to Christmas for Kids, 116 West 1st Street, Hopkinsville, Ky. 42240.
Questions can be directed to the fire department at 890-1400.
Hopkinsville residents are invited to participate in this year’s Christmas Decoration Awards contest.
Recognition for “Best Decorated Home” will be presented to residences in each of the twelve wards and a single “Best Decorated Business” award will be presented. Nominees will be judged on use of decorations, creativity and theme.
To enter or to nominate a home or business, one can call the mayor’s office at 890-0200. Entries must be received by 5pm on December 3rd—as judging will be done that week.
Winners will be announced at this year’s Polar Express and Downtown Tree Lighting at Founders Square Saturday, December 8th at 6pm.