Kentucky House Bill 708

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Sponsorship: Partisan Bill (Republican 2)
Status: Introduced on February 24 2026 - 25% progression, died in committee
Action: 2026-03-03 - to Economic Development & Workforce Investment (H)
Pending: House Economic Development & Workforce Investment Committee
Text: Latest bill text (Introduced) [PDF]

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.

AN ACT relating to economic development.

Rep. Aaron Thompson [R]

Rep. John Blanton [R]

Date	Chamber	Action
2026-03-03	House	to Economic Development & Workforce Investment (H)
2026-02-24	House	to Committee on Committees (H)
2026-02-24	House	introduced in House

Type	Source
Summary	https://apps.legislature.ky.gov/record/26RS/hb708.html
Text	https://apps.legislature.ky.gov/recorddocuments/bill/26RS/hb708/orig_bill.pdf