Kentucky legislation · 2026 Regular Session
Kentucky HB462: AN ACT relating to tax increment financing.
Status: In committee, January 29, 2026
Amend KRS 154.30-010 to remove the sunset date in the definition of "modified new revenues for income tax" to make it permanent.
What the bill says
An act relating to tax increment financing.
From the introduced text:
AN ACT relating to tax increment financing. Be it enacted by the General Assembly of the Commonwealth of Kentucky: Section 1. KRS 154.30-010 is amended to read as follows: As used in this subchapter: (1) "Activation date" means: (a) For all projects except those described in paragraph (b) of this subsection, the date established any time within a two (2) year period after the commencement date. The Commonwealth may extend the two (2) year period to no more than four (4) years upon written application by the agency requesting the extension; and (b) For signature projects approved under KRS 154.30-050(3)(a), the date established any time within a ten (10) year period after the commencement date. For all projects established after July 14, 2018, the activation date is the date on which the time period for the pledge of incremental revenues shall commence. To implement the activation date, the minimum capital investment must be met and the agency that is a party to the tax incentive agreement shall notify the office; (2) "Agency" means: (a) An urban renewal and community development agency established under KRS Chapter 99; (b) A development authority established under KRS Chapter 99; (c) A nonprofit corporation; (d) A housing authority established under KRS Chapter 80; (e) An air board established under KRS 183.132 to 183.160; (f) A …
Sponsors
- Robert Duvall (R, HD-017) · primary sponsor
- Kevin Jackson (R, HD-020)
- Matthew Lehman (D, HD-067)
- Shawn McPherson (R, HD-022)
Latest actions
- : to Appropriations & Revenue (H)
- : to Committee on Committees (H)
- : introduced in House
Subjects: Sunset Legislation, Taxation, Taxation, Income--Individual, Economic Development, Taxation, Income--Corporate
Common questions
- What is HB462?
- HB462 is a bill in the Kentucky Legislature (2026 Regular Session): AN ACT relating to tax increment financing.
- What does HB462 do?
- In its own words: An act relating to tax increment financing.
- What is the status of HB462?
- In committee as of January 29, 2026. Latest action: to Appropriations & Revenue (H) (January 29, 2026).
- Who sponsored HB462?
- Robert Duvall (R, HD-017), with 3 co-sponsors.
- Where is the official record for HB462?
- On the Kentucky Legislature website: https://apps.legislature.ky.gov/record/26rs/hb462.html
Source: official Kentucky record. Tracked by Delilah, AI for legislation across all 50 states and Congress.