HB 577 KY

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Became Law

Amend KRS 154.12-300, 154.12-305, and 154.12-300 to change the Kentucky Innovation and Commercialization Center program to the Kentucky Entrepreneurship and Innovation Hub Program; amend KRS 154.12-300 to define terms; amend KRS 154.12-305 to add goals of supporting entrepreneur-led economic development and attracting workforce talent, investors, and start-up companies to the program; amend KRS 154.12-310 to make conforming changes; amend KRS 164.6011 to include definitions of "early-stage company" and "high-growth company" in the Kentucky Innovation Act; amend KRS 164.6019 to provide that moneys received in the Kentucky enterprise fund may be subject to restrictions imposed by the contributing entity and subject to approval by the Cabinet for Economic Development; amend KRS 164.6021 to make conforming changes and add the purpose of the Kentucky enterprise fund is to attract, recruit, and support early-stage and high-growth companies to locate, relocate, or establish a presence in the Commonwealth; amend KRS 164.6023 to allow companies based outside of Kentucky to be eligible by becoming a Kentucky-based company within 180 days after certification authorizing funding; amend KRS 154.20-234 to allow a pass-through entity to qualify for participation in the Angel Investor Program; make conforming changes.

• J. Branscum Republican · primary
• G. Brown Jr. Democratic · primary
• V. Grossl Republican · primary

1. Feb 6, 2026 introduced in House · lower
2. Feb 6, 2026 to Committee on Committees (H) · lower
3. Feb 10, 2026 to Economic Development & Workforce Investment (H) · lower
4. Feb 12, 2026 reported favorably, 1st reading, to Calendar · lower
5. Feb 13, 2026 2nd reading, to Rules · lower
6. Feb 17, 2026 posted for passage in the Regular Orders of the Day for Wednesday, February 18 2026 · lower
7. Feb 18, 2026 3rd reading, passed 98-0 · lower
8. Feb 19, 2026 received in Senate · upper
9. Feb 19, 2026 to Committee on Committees (S) · upper
10. Mar 16, 2026 to Economic Development, Tourism, & Labor (S) · upper
11. Mar 26, 2026 reported favorably, 1st reading, to Calendar · lower
12. Mar 27, 2026 2nd reading, to Rules · lower
13. Mar 27, 2026 posted for passage in the Regular Orders of the Day for Tuesday, March 31 2026 · lower
14. Mar 31, 2026 3rd reading, passed 37-0 · lower
15. Mar 31, 2026 received in House · lower
16. Apr 1, 2026 enrolled, signed by Speaker of the House · lower
17. Apr 1, 2026 enrolled, signed by President of the Senate · upper
18. Apr 1, 2026 delivered to Governor · lower
19. Apr 13, 2026 signed by Governor (Acts Ch. 114) · lower