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 · March 3, 2026

To Economic Development & Workforce Investment (H)

Introduced February 24, 2026

House

Adjourned Sine Die

2026 Regular Session

HB708

AN ACT relating to economic development.

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…

Economic Development Local Government Small Business State Agencies Taxation Taxation, Income--Corporate

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This bill would create a four-tier system for Kentucky counties, where the level of tax credits a business can receive depends on which county it invests in. A county's tier would be determined each year based on its unemployment rate and population ranking over the previous five years, with the goal of directing more incentives toward counties with greater economic need. The Kentucky Economic Development Finance Authority would be responsible for certifying and updating county…

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