Official record
Measure details
- Jurisdiction
- Kentucky
- Session
- 2026RS
- Chamber
- lower
- Classification
- bill
- Subjects
- Economic Development, Local Government, Small Business, State Agencies, Taxation, Taxation, Income--Corporate
- Introduced / first action
- 2026-02-24 05:00:00
Source-supplied abstracts
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.
Sponsors
- A. Thompson (primary), primary
- J. Blanton (primary), primary