summary
Introduced
01/12/2026
01/12/2026
In Committee
01/20/2026
01/20/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Amend KRS 141.396, relating to the angel investor tax credit, to remove language relating to employee demographics for qualified small businesses from information required; amend KRS 154.20-234, relating to the Angel Investor Program, to remove language relating to employee demographics for qualified small businesses from information required; amend KRS 154.20-240 and 154.20-254 to conform.
AI Summary
This bill modifies existing Kentucky laws related to economic development incentives, specifically the angel investor tax credit program. The primary change is the removal of requirements for businesses seeking these incentives to report detailed information about their employees, such as the number of employees and their demographics, when applying for or maintaining eligibility for the angel investor tax credit. Instead, the focus will be on the location of the business's assets and operations within the Commonwealth. This change aims to streamline the application process and reporting requirements for qualified small businesses and investors participating in the Angel Investor Program, which provides tax credits to individuals who invest in qualifying small businesses in Kentucky. The bill also makes conforming amendments to related statutes to ensure consistency with this change.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
to Small Business & Information Technology (H) (on 01/20/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://apps.legislature.ky.gov/record/26RS/hb325.html |
| BillText | https://apps.legislature.ky.gov/recorddocuments/bill/26RS/hb325/orig_bill.pdf |
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