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…

Introduced: February 24, 2026

Last action: March 3, 2026

To Economic Development & Workforce Investment (H)

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This bill changes how Kentucky awards tax credits and incentives to businesses under the Kentucky Business Investment Program. It creates a four-tier system where the amount of incentive a company can receive depends on which county its project is located in, with a county's tier determined by a five-year average of its unemployment rate and population ranking. Counties would be ranked and updated annually by the Kentucky Economic Development Finance Authority. Who it may affect: businesses seeking state economic development incentives, and residents of rural or high-unemployment counties where investment incentives may be larger.

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