Senate Bill 197

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Last Action 02/17/26: to Economic Development, Tourism, & Labor (S)
Title AN ACT relating to economic development.
Bill Documents Introduced
Bill Request Number 1782
Sponsors P. Wheeler, S. Madon
Summary of Original Version Create a new section of Subchapter 32 of KRS Chapter 154 to establish a tiered county system for eligible companies to receive incentives under the Kentucky Business Investment Program; amends KRS 154.32-010 to define "tier"; amends KRS 154.32-020 and 154.32-040 to conform; amend KRS 154.32-050 to specify tiering procedures; amend KRS 154.32-060 to require the Kentucky Economic Development Finance Authority to identify and certify or decertify the tiers for all counties on an annual basis into 4 tax credit tiers; provide that the incentives available under this subchapter be determined based on the county where the economic development project is located by an approved company; provide a county's tier will be based on a 5 year average of its unemployment rate and population ranking; amend KRS 154.32-090, 154.61-010, 154.61-020, and 141.383 to conform.
Index Headings of Original Version Economic Development - Kentucky economic development incentive programs, tiered county system, establishment
Local Government - Kentucky economic development incentive programs, tiered county system, establishment
Small Business - Kentucky economic development incentive programs, tiered county system, establishment
State Agencies - Cabinet for Economic Development, Kentucky economic incentive programs, tiered county system
Taxation, Income--Corporate - Kentucky economic development incentive programs, tiered county system, establishment
Taxation - Kentucky economic development incentive programs, tiered county system, establishment

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02/13/26
  • introduced in Senate
  • to Committee on Committees (S)
02/17/26
  • to Economic Development, Tourism, & Labor (S)


Last updated: 2/17/2026 6:57 PM (EST)