AN ACT relating to economic development.

Summary

The bill lets the Kentucky Economic Development Finance Authority negotiate tax credit agreements that pay companies a per‑job credit that varies by county tier, and offers a 20% facility‑value credit for companies that open or expand headquarters and add at least 40 jobs. It defines how and when credits can be claimed and updates several definitions in the state code. The measure aims to attract and retain businesses, especially in lower‑income counties.

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

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