republic-os/legislation/us/states/ky/2026rs/sb-197.md

---
type: "Bill"
title: "AN ACT providing funding and establishing conditions for state government agencies and institutions, making an appropriation therefor, and declaring an emergency."
description: "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."
jurisdiction: "us/states/ky"
legislature: "Kentucky General Assembly"
session: "2026RS"
identifier: "SB 197"
citation: "Kentucky SB 197 (2026RS)"
classification: ["bill"]
subjects: ["Economic Development", "Local Government", "Small Business", "State Agencies", "Taxation", "Taxation", "Income--Corporate"]
status: "enacted"
primary_sponsors: ["P. Wheeler", "R. Mills", "R. Webb", "S. Funke Frommeyer", "S. Madon"]
version_count: 3
action_count: 38
vote_count: 3
first_action: "2026-02-13T05:00:00+00:00"
last_action: "2026-04-27T04:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/481c13c3-b0a5-4b3d-b0ce-e6a084a0567a"
source_url: "https://apps.legislature.ky.gov/record/26RS/sb197.html"
source_hash: "5f623a2a1fc2313004addcac2c54edb30589889384055ac3f6c4c362cd83bb9a"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ky"]
---

# Kentucky SB 197 (2026RS) — AN ACT providing funding and establishing conditions for state government agencies and institutions, making an appropriation therefor, and declaring an emergency.

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.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](https://apps.legislature.ky.gov/recorddocuments/bill/26RS/sb197/orig_bill.pdf)
2. **Acts Chapter 202** (committee substitute) — [source](https://apps.legislature.ky.gov/law/acts/26RS/documents/0202.pdf)
3. **Current/Final** (committee substitute) — [source](https://apps.legislature.ky.gov/recorddocuments/bill/26RS/sb197/bill.pdf)

## Votes

- Pass — **82–7** (pass) · upper
- PASS SB 197 w/ SCS 1, SFA 2, SFA 1, SCA 1 (T) — **36–0** (pass) · upper
- FINAL PASSAGE OF SB 197 w/ HCS 2, HCA 2 (T) — **35–1** (pass) · upper

## Sponsors

- P. Wheeler — primary (person)
- R. Mills — primary (person)
- R. Webb — primary (person)
- S. Funke Frommeyer — primary (person)
- S. Madon — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2026-02-13T05:00:00+00:00** introduced in Senate `introduction`
- **2026-02-13T05:00:00+00:00** to Committee on Committees (S) `referral-committee`
- **2026-02-17T05:00:00+00:00** to Economic Development, Tourism, & Labor (S) `referral-committee`
- **2026-02-26T05:00:00+00:00** reported favorably, 1st reading, to Calendar with Committee Substitute (1) and Committee Amendment (1-title) `committee-passage`
- **2026-02-27T05:00:00+00:00** 2nd reading, to Rules `reading-2`
- **2026-03-03T05:00:00+00:00** floor amendment (1) filed to Committee Substitute `amendment-introduction`
- **2026-03-04T05:00:00+00:00** posted for passage in the Regular Orders of the Day for Thursday, March 05 2026
- **2026-03-05T05:00:00+00:00** passed over and retained in the Orders of the Day `passage`
- **2026-03-05T05:00:00+00:00** floor amendment (2) filed to Committee Substitute `amendment-introduction`
- **2026-03-06T05:00:00+00:00** 3rd reading, passed 36-0 with Committee Substitute (1), Floor Amendments (2) and (1) and Committee Amendment (1-title) `passage, reading-3`
- **2026-03-10T04:00:00+00:00** received in House
- **2026-03-10T04:00:00+00:00** to Committee on Committees (H) `referral-committee`
- **2026-03-11T04:00:00+00:00** to Appropriations & Revenue (H) `referral-committee`
- **2026-03-25T04:00:00+00:00** taken from Appropriations & Revenue (H)
- **2026-03-25T04:00:00+00:00** 1st reading `reading-1`
- **2026-03-25T04:00:00+00:00** returned to Appropriations & Revenue (H)
- **2026-03-26T04:00:00+00:00** taken from Appropriations & Revenue (H)
- **2026-03-26T04:00:00+00:00** 2nd reading `reading-2`
- **2026-03-26T04:00:00+00:00** returned to Appropriations & Revenue (H)
- **2026-03-27T04:00:00+00:00** reported favorably, to Rules with Committee Substitute (1) and Committee Amendment (1-title) `committee-passage`
- **2026-03-27T04:00:00+00:00** posted for passage in the Regular Orders of the Day for Tuesday, March 31 2026
- **2026-03-27T04:00:00+00:00** floor amendments (1) and (2) filed to Committee Substitute `amendment-introduction`
- **2026-04-15T04:00:00+00:00** taken from the Orders of the Day
- **2026-04-15T04:00:00+00:00** recommitted to Appropriations & Revenue (H)
- **2026-04-15T04:00:00+00:00** reported favorably, to Rules with Committee Substitute (2) and Committee Amendment (2-title) `committee-passage`
- **2026-04-15T04:00:00+00:00** taken from Rules
- **2026-04-15T04:00:00+00:00** placed in the Orders of the Day
- **2026-04-15T04:00:00+00:00** 3rd reading, passed 82-7 with Committee Substitute (2) and Committee Amendment (2-title) `passage, reading-3`
- **2026-04-15T04:00:00+00:00** received in Senate
- **2026-04-15T04:00:00+00:00** to Rules (S) `referral-committee`
- **2026-04-15T04:00:00+00:00** posted for passage for concurrence in House Committee Substitute (2) and Committee Amendment (2-title)
- **2026-04-15T04:00:00+00:00** Senate concurred in Committee Substitute (2) and Committee Amendment (2-title)
- **2026-04-15T04:00:00+00:00** passed 35-1 `passage`
- **2026-04-15T04:00:00+00:00** enrolled, signed by President of the Senate `passage`
- **2026-04-15T04:00:00+00:00** enrolled, signed by Speaker of the House `passage`
- **2026-04-15T04:00:00+00:00** delivered to Governor
- **2026-04-27T04:00:00+00:00** line items vetoed `executive-veto-line-item`
- **2026-04-27T04:00:00+00:00** delivered to Secretary of State (Acts Ch. 202) `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/481c13c3-b0a5-4b3d-b0ce-e6a084a0567a`. Confidence: reported (aggregated from official Kentucky legislature records).