AN ACT relating to tax increment financing.

Summary

HB 462 revises KRS 154.30-010, updating key terms used in Kentucky's tax increment financing program. It sets specific time frames for activation dates, expands the types of agencies that can participate, and details which public infrastructure and signature project costs qualify for financing. The changes aim to provide clearer guidance for developers and local governments using TIF to spur economic development.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share