summary
Introduced
03/02/2026
03/02/2026
In Committee
03/18/2026
03/18/2026
Crossed Over
03/18/2026
03/18/2026
Passed
Dead
Introduced Session
Potential new amendment
2026 Regular Session
Bill Summary
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.
AI Summary
This bill modifies Kentucky's film industry tax incentives by allowing any unused portion of the $75 million annual credit cap to be carried forward for "high-impact" productions in subsequent years, and it expands the types of productions eligible for these incentives to include video games, music videos, and commercials. It also increases the minimum spending requirements for companies to qualify for tax breaks and mandates that approved companies submit a certified audit within 180 days of completing production, in addition to current reporting requirements. The bill clarifies the roles of the Kentucky Film Office and the Kentucky Film Leadership Council in reviewing applications and making decisions, and it updates definitions related to film production expenditures and compensation to better reflect industry practices.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
returned to Committee on Committees (H) (on 04/01/2026)
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/sb324.html |
| BillText | https://apps.legislature.ky.gov/recorddocuments/bill/26RS/sb324/bill.pdf |
| Vote History for SB324 | https://apps.legislature.ky.gov/record/26RS/sb324/vote_history.pdf |
| Senate Committee Substitute 1 | https://apps.legislature.ky.gov/recorddocuments/bill/26RS/SB324/SCS1.pdf |
| BillText | https://apps.legislature.ky.gov/recorddocuments/bill/26RS/sb324/orig_bill.pdf |
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