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Kentucky 2026RS

SB 197

AN ACT providing funding and establishing conditions for state government agencies and institutions, making an appropriation therefor, and declaring an emergency.

Open original source Back to bills
Source: Open States / PluralUpdated 2026-09-11 22:11:01 UTC.

Official record

Measure details

Jurisdiction
Kentucky
Session
2026RS
Chamber
upper
Classification
bill
Subjects
Economic Development, Local Government, Small Business, State Agencies, Taxation, Taxation, Income--Corporate
Introduced / first action
2026-02-13 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

No sponsorship record is supplied.

Source-supplied history

Actions

  1. delivered to Secretary of State (Acts Ch. 202)

    became-law

  2. line items vetoed

    executive-veto-line-item

  3. delivered to Governor

  4. enrolled, signed by Speaker of the House

    passage

  5. enrolled, signed by President of the Senate

    passage

  6. passed 35-1

    passage

  7. Senate concurred in Committee Substitute (2) and Committee Amendment (2-title)

  8. posted for passage for concurrence in House Committee Substitute (2) and Committee Amendment (2-title)

  9. to Rules (S)

    referral-committee

  10. received in Senate

  11. 3rd reading, passed 82-7 with Committee Substitute (2) and Committee Amendment (2-title)

    passage, reading-3

  12. placed in the Orders of the Day

  13. taken from Rules

  14. reported favorably, to Rules with Committee Substitute (2) and Committee Amendment (2-title)

    committee-passage

  15. recommitted to Appropriations & Revenue (H)

  16. taken from the Orders of the Day

  17. floor amendments (1) and (2) filed to Committee Substitute

    amendment-introduction

  18. posted for passage in the Regular Orders of the Day for Tuesday, March 31 2026

  19. reported favorably, to Rules with Committee Substitute (1) and Committee Amendment (1-title)

    committee-passage

  20. returned to Appropriations & Revenue (H)

  21. 2nd reading

    reading-2

  22. taken from Appropriations & Revenue (H)

  23. returned to Appropriations & Revenue (H)

  24. 1st reading

    reading-1

  25. taken from Appropriations & Revenue (H)

  26. to Appropriations & Revenue (H)

    referral-committee

  27. to Committee on Committees (H)

    referral-committee

  28. received in House

  29. 3rd reading, passed 36-0 with Committee Substitute (1), Floor Amendments (2) and (1) and Committee Amendment (1-title)

    passage, reading-3

  30. floor amendment (2) filed to Committee Substitute

    amendment-introduction

  31. passed over and retained in the Orders of the Day

    passage

  32. posted for passage in the Regular Orders of the Day for Thursday, March 05 2026

  33. floor amendment (1) filed to Committee Substitute

    amendment-introduction

  34. 2nd reading, to Rules

    reading-2

  35. reported favorably, 1st reading, to Calendar with Committee Substitute (1) and Committee Amendment (1-title)

    committee-passage

  36. to Economic Development, Tourism, & Labor (S)

    referral-committee

  37. to Committee on Committees (S)

    referral-committee

  38. introduced in Senate

    introduction

When supplied by the API

Related measures

No resolvable related measure is supplied.