Kentucky Senate Bill 197
Session 2026RS
AN ACT relating to economic development and declaring an emergency.
Active
Passed Senate on Mar 6, 2026
First Action
Feb 13, 2026
Latest Action
Mar 6, 2026
Origin Chamber
Senate
Type
Bill
Bill Number
197
State
Kentucky
Session
2026RS
checkPassed on March 6, 2026
Motion Text
PASS SB 197 w/ SCS 1, SFA 2, SFA 1, SCA 1 (T)
Senate Roll Call Votes
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Didn't Vote
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Didn't Vote
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Summary
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 into 4 tax credit tiers; provide that the incentives available under this subchapter be determined based on the county where the economic development project is located by an approved company; provide a county's tier will be based on a 5 year average of its unemployment rate and population ranking; amend KRS 154.32-090, 154.61-010, 154.61-020, and 141.383 to conform.
Proposed Senate Committee Substitute 1
Proposed Senate Committee Amendment 1
Proposed Senate Floor Amendment 1
Proposed Senate Floor Amendment 2
Sort by most recent
03/06/2026
Senate
3rd reading, passed 36-0 with Committee Substitute (1), Floor Amendments (2) and (1) and Committee Amendment (1-title)
03/05/2026
Senate
floor amendment (2) filed to Committee Substitute
03/05/2026
Senate
passed over and retained in the Orders of the Day
03/04/2026
Senate
posted for passage in the Regular Orders of the Day for Thursday, March 05 2026
03/03/2026
Senate
floor amendment (1) filed to Committee Substitute
02/27/2026
Senate
2nd reading, to Rules
02/26/2026
Senate
reported favorably, 1st reading, to Calendar with Committee Substitute (1) and Committee Amendment (1-title)
02/17/2026
Senate
to Economic Development, Tourism, & Labor (S)
02/13/2026
Senate
to Committee on Committees (S)
02/13/2026
Senate
introduced in Senate
Sources
KY Legislature
Record Created
Feb 13, 2026 10:49:49 PM
Record Updated
Mar 6, 2026 10:59:06 PM