SB 197 KY

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Became Law

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.

• P. Wheeler Republican · primary
• S. Madon Republican · primary
• S. Funke Frommeyer Republican · primary
• R. Mills Republican · primary
• R. Webb Republican · primary

1. Feb 13, 2026 introduced in Senate · upper
2. Feb 13, 2026 to Committee on Committees (S) · upper
3. Feb 17, 2026 to Economic Development, Tourism, & Labor (S) · upper
4. Feb 26, 2026 reported favorably, 1st reading, to Calendar with Committee Substitute (1) and Committee Amendment (1-title) · upper
5. Feb 27, 2026 2nd reading, to Rules · upper
6. Mar 3, 2026 floor amendment (1) filed to Committee Substitute · upper
7. Mar 4, 2026 posted for passage in the Regular Orders of the Day for Thursday, March 05 2026 · upper
8. Mar 5, 2026 passed over and retained in the Orders of the Day · upper
9. Mar 5, 2026 floor amendment (2) filed to Committee Substitute · upper
10. Mar 6, 2026 3rd reading, passed 36-0 with Committee Substitute (1), Floor Amendments (2) and (1) and Committee Amendment (1-title) · upper
11. Mar 10, 2026 received in House · lower
12. Mar 10, 2026 to Committee on Committees (H) · lower
13. Mar 11, 2026 to Appropriations & Revenue (H) · lower
14. Mar 25, 2026 taken from Appropriations & Revenue (H) · lower
15. Mar 25, 2026 1st reading · upper
16. Mar 25, 2026 returned to Appropriations & Revenue (H) · lower
17. Mar 26, 2026 taken from Appropriations & Revenue (H) · lower
18. Mar 26, 2026 2nd reading · upper
19. Mar 26, 2026 returned to Appropriations & Revenue (H) · lower
20. Mar 27, 2026 reported favorably, to Rules with Committee Substitute (1) and Committee Amendment (1-title) · upper
21. Mar 27, 2026 posted for passage in the Regular Orders of the Day for Tuesday, March 31 2026 · upper
22. Mar 27, 2026 floor amendments (1) and (2) filed to Committee Substitute · upper
23. Apr 15, 2026 taken from the Orders of the Day · upper
24. Apr 15, 2026 recommitted to Appropriations & Revenue (H) · lower
25. Apr 15, 2026 reported favorably, to Rules with Committee Substitute (2) and Committee Amendment (2-title) · upper
26. Apr 15, 2026 taken from Rules · upper
27. Apr 15, 2026 placed in the Orders of the Day · upper
28. Apr 15, 2026 3rd reading, passed 82-7 with Committee Substitute (2) and Committee Amendment (2-title) · upper
29. Apr 15, 2026 received in Senate · upper
30. Apr 15, 2026 to Rules (S) · upper
31. Apr 15, 2026 posted for passage for concurrence in House Committee Substitute (2) and Committee Amendment (2-title) · upper
32. Apr 15, 2026 Senate concurred in Committee Substitute (2) and Committee Amendment (2-title) · upper
33. Apr 15, 2026 passed 35-1 · upper
34. Apr 15, 2026 enrolled, signed by President of the Senate · upper
35. Apr 15, 2026 enrolled, signed by Speaker of the House · lower
36. Apr 15, 2026 delivered to Governor · upper
37. Apr 27, 2026 line items vetoed · upper
38. Apr 27, 2026 delivered to Secretary of State (Acts Ch. 202) · upper