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SB 197

BillStateKYSenate
AN ACT providing funding and establishing conditions for state government agencies and institutions, making an appropriation therefor, and declaring an emergency.
About This Bill
Latest Action · Apr 27, 2026
delivered to Secretary of State (Acts Ch. 202)
Session
2026RS
Introduced
Feb 13, 2026
Primary Sponsor
P. Wheeler· primary

Summary

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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.

Subjects

Economic DevelopmentLocal GovernmentSmall BusinessState AgenciesTaxationTaxation, Income--Corporate

Co-sponsors (4)

S. Madon · primary
S. Funke Frommeyer · primary
R. Mills · primary
R. Webb · primary

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