Kentucky legislation · 2026 Regular Session
Kentucky SB197: AN ACT providing funding and establishing conditions for state government agencies and institutions, making an appropriation therefor, and declaring an emergency.
Status: Vetoed, April 27, 2026
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.
What the bill says
An act relating to economic development and declaring an emergency.
From the committee substitute text:
AN ACT relating to economic development and declaring an emergency. Be it enacted by the General Assembly of the Commonwealth of Kentucky: Section 1. 2026 Regular Session HB 500/VO in Part, Part I, A., 6., (2) Disaster or Emergency Aid Funds, at page 7, is amended to read as follows: (2) Disaster or Emergency Aid Funds: Subject to the conditions and procedures in this Act, in the event of a presidentially declared disaster or emergency, the Department of Military Affairs may request from the Finance and Administration Cabinet, as a necessary government expense, up to $25,000,000 in each fiscal year from the General Fund to be used as required to match federal aid for which the state would be eligible. These necessary funds shall be made available from the General Fund Surplus Account (KRS 48.700) or the Budget Reserve Trust Fund Account (KRS 48.705). Notwithstanding any statute to the contrary, the Kentucky Division of Emergency Management shall have the authority to condemn the current Estill County Middle School and may request from the Finance and Administration Cabinet, as a necessary government expense, up to $10,000,000 in fiscal year 2026-2027 from the General Fund, to be expended, subject to the conditions and procedures provided in this Act, for the relocation of affected students and the construction of temporary shelters to be …
Sponsors
- Phillip Wheeler (R, SD-031) · primary sponsor
- Scott Madon (R, SD-029)
- Shelley Funke Frommeyer (R, SD-024)
- Robert Mills (R, SD-004)
- Robin Webb (R, SD-018)
Latest actions
- : delivered to Secretary of State (Acts Ch. 202)
- : line items vetoed
- : delivered to Governor
- : enrolled, signed by Speaker of the House
- : enrolled, signed by President of the Senate
- : passed 35-1
- : Senate concurred in Committee Substitute (2) and Committee Amendment (2-title)
- : posted for passage for concurrence in House Committee Substitute (2) and Committee Amendment (2-title)
- : to Rules (S)
- : received in Senate
Votes
- Senate: FINAL PASSAGE OF SB 197 w/ HCS 2, HCA 2 (T) (HCS 2) RSN# 4263 (April 15, 2026): 35 yea, 1 nay, passed
- House: Pass RCS# 505 (April 15, 2026): 82 yea, 7 nay, passed
- Senate: PASS SB 197 w/ SCS 1, SFA 2, SFA 1, SCA 1 (T) (SCS 1) RSN# 3891 (March 6, 2026): 36 yea, 0 nay, passed
Subjects: State Agencies, Small Business, Taxation, Economic Development, Taxation, Income--Corporate, Local Government
Common questions
- What is SB197?
- SB197 is a bill in the Kentucky Legislature (2026 Regular Session): AN ACT providing funding and establishing conditions for state government agencies and institutions, making an appropriation therefor, and declaring an emergency.
- What does SB197 do?
- In its own words: An act relating to economic development and declaring an emergency.
- What is the status of SB197?
- Vetoed as of April 27, 2026. Latest action: delivered to Secretary of State (Acts Ch. 202) (April 27, 2026).
- Who sponsored SB197?
- Phillip Wheeler (R, SD-031), with 4 co-sponsors.
- Where is the official record for SB197?
- On the Kentucky Legislature website: https://apps.legislature.ky.gov/record/26rs/sb197.html
Source: official Kentucky record. Tracked by Delilah, AI for legislation across all 50 states and Congress.