| Last Action | 02/17/26: to Economic Development, Tourism, & Labor (S) |
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| 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 |
| 02/13/26 |
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| 02/17/26 |
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Last updated: 2/17/2026 6:57 PM (EST)