Kentucky legislation · 2026 Regular Session
Kentucky SB324: AN ACT relating to the entertainment industry.
Status: Signed into law, April 23, 2026
Amend KRS 141.383 and 154.61-020 to allow that any unallocated portion of the $75 million credit cap be carried forward for utilization in subsequent calendar years for high-impact motion pictures or entertainment productions; amend KRS 154.12-280 to require the Kentucky Film Office to review applications, notify applicants of additional information needed, and forward applications to the Cabinet for Economic Development and the Kentucky Film Leadership Council; amend KRS 154.12-282 to update functions and purposes of the Kentucky Film Leadership Council; amend KRS 154.61-010 to define terms and revise definitions; provide that a motion picture or entertainment production eligible for credit includes a video game, music video, or commercial; amend KRS 154.61-020 to increase the minimum amount of qualifying expenditures and qualifying payroll expenditures that must be expended by an approved company to qualify for tax incentives; require, in addition to current reports, the submission of a certified audit by an approved company within 180 days of completion of production.
What the bill says
An act relating to the film industry credit.
From the engrossed text:
AN ACT relating to the film industry credit. Be it enacted by the General Assembly of the Commonwealth of Kentucky: Section 1. KRS 141.383 is amended to read as follows: (1) As used in this section: (a) "Above-the-line production crew" has the same meaning as in KRS 154.61010; (b) "Approved company" has the same meaning as in KRS 154.61-010; (c) "Below-the-line production crew" has the same meaning as in KRS 154.61010; (d) "Continuous film production" has the same meaning as in KRS 154.61-010; (e) "Council" means the Kentucky Film Leadership Council created in KRS 154.12-282; (f) "Loan-out entity" has the same meaning as in KRS 154.61-010; (g) "Office" means the Kentucky Film Office created in Section 2 of this Act; (h) "Qualifying expenditure" has the same meaning as in KRS 154.61-010; (i)[(h)] "Qualifying payroll expenditure" has the same meaning as in KRS 154.61-010; (j)[(i)] "Secretary" has the same meaning as in KRS 154.61-010; and (k)[(j)] "Tax incentive agreement" has the same meaning as in KRS 154.61010. (2) (a) There is hereby created a tax credit against the tax imposed under KRS 141.020 or 141.040 and 141.0401, with the ordering of credits as provided in KRS 141.0205. (b) The incentive available under paragraph (a) of this section 2. A nonrefundable and nontransferable credit for applications approved on or after April 27, …
Sponsors
- Robert Stivers (R, SD-025) · primary sponsor
Latest actions
- : signed by Governor (Acts Ch. 194)
- : delivered to Governor
- : enrolled, signed by Speaker of the House
- : enrolled, signed by President of the Senate
- : passed 37-0
- : Senate concurred in Committee Substitute (1) and Committee Amendment (1-title)
- : to Rules (S)
- : received in Senate
- : 3rd reading, passed 80-15 with Committee Substitute (1) and Committee Amendment (1-title)
- : placed in the Orders of the Day
Votes
- Senate: FINAL PASSAGE OF SB 324 w/ HCS 1, HCA 1 (T) (HCS 1) RSN# 4261 (April 15, 2026): 37 yea, 0 nay, passed
- House: Pass RCS# 502 (April 15, 2026): 80 yea, 15 nay, passed
- Senate: PASS SB 324 w/ SCS 1 (SCS 1) RSN# 3947 (March 17, 2026): 36 yea, 0 nay, passed
Subjects: State Agencies, Taxation, Taxation, Income--Individual, Economic Development, Taxation, Income--Corporate, Tourism
Common questions
- What is SB324?
- SB324 is a bill in the Kentucky Legislature (2026 Regular Session): AN ACT relating to the entertainment industry.
- What does SB324 do?
- In its own words: An act relating to the film industry credit.
- What is the status of SB324?
- Signed into law as of April 23, 2026. Latest action: signed by Governor (Acts Ch. 194) (April 23, 2026).
- Who sponsored SB324?
- Robert Stivers (R, SD-025).
- Where is the official record for SB324?
- On the Kentucky Legislature website: https://apps.legislature.ky.gov/record/26rs/sb324.html
Source: official Kentucky record. Tracked by Delilah, AI for legislation across all 50 states and Congress.