Introduced

Passed House

Passed Senate

Became law

Adjourned sine die. The bill was pending when the session ended, so it did not pass.

Last action · January 29, 2026

To Appropriations & Revenue (H)

Introduced January 21, 2026

House

Adjourned Sine Die

2026 Regular Session

HB462

AN ACT relating to tax increment financing.

Amend KRS 154.30-010 to remove the sunset date in the definition of "modified new revenues for income tax" to make it permanent.

Economic Development Taxation Taxation, Income--Corporate Taxation, Income--Individual Sunset Legislation

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This bill would make permanent a tax provision related to tax increment financing, which is a tool used to fund economic development projects by capturing future tax revenue growth in a designated area. Currently, this provision has an expiration date, and the bill removes that deadline so it continues without interruption. Who it may affect: businesses and local communities involved in or near tax increment financing districts.

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