AN ACT relating to the Kentucky Business Investment Program.

This bill would expand the types of expenses that businesses can count as eligible costs under the Kentucky Business Investment Program, a state economic development incentive program. Specifically, it would add items like laboratory equipment, computer servers, software, leases, and facility improvements tied to research, headquarters, or high-tech operations to the list of qualifying expenses. This could make it easier for certain businesses to qualify for or maximize benefits under the program. Who it may affect: businesses in research and development, technology, and corporate headquarters operations seeking state economic development incentives.

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