AN ACT relating to rural revitalization.

Create new sections of KRS Chapter 65 to provide incremental revenue tax incentives to the Rural Kentucky Revitalization Opportunity Partnership; define terms; state findings; establish the Rural Kentucky Revitalization Opportunity Partnership Board; establish incentive program; create an income tax credit for certain residents; amend KRS 141.0205 to order the credit; amend KRS 131.190 to allow reporting by the Department of Revenue.

Introduced: February 26, 2026

Last action: February 26, 2026

To Committee On Committees (S)

Read the full text Kentucky Legislature LegiScan

AI-generated — always verify with primary sources

Plain-language summary

Beta

This bill would create a new program called the Rural Kentucky Revitalization Opportunity Partnership, which offers tax incentives aimed at encouraging investment and economic activity in rural parts of the state. It establishes a governing board to oversee the program and creates an income tax credit available to certain residents who participate. The bill also adjusts how the Department of Revenue handles reporting related to these credits. Who it may affect: residents of rural Kentucky communities, as well as taxpayers who may qualify for the new income tax credit.

Open official bill text (PDF)·Report a problem with the summary