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Read. Follow. Verify.Kentucky updates rules for economic development tax credits and agency reporting requirements
Last action · March 20, 2026: taken from Appropriations & Revenue (H) 2nd reading returned to Appropriations & Revenue (H)Sponsor: Jason Petrie
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What This Bill Proposed
Kentucky HB 515 updates how individual, corporate, pass-through, and trust investors claim certified economic development tax credits against state taxes. It requires the Department of Revenue to adopt administrative regulations and mandates joint reporting by the department and the Cabinet for Economic Development to legislative committees regarding investment fund agreements.
Changes how investors and pass-through entities apply certified tax credits to state tax liabilities and sets administrative procedures for tax credit oversight.
- The General Assembly of the Commonwealth of Kentucky is the state legislature responsible for enacting and amending state statutes. context
Who It Would Have Affected
Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.
Investors
Investors claim certified tax credits against state income, financial institution, or insurance taxes based on statutory provisions.
Pass-through entities
Pass-through entities apply certified credits against the limited liability entity tax and apportion credits to partners, members, or shareholders.
Trusts and beneficiaries
Trusts apportion certified tax credits to the trust and its beneficiaries based on allocable income for the tax year.
Department of Revenue
The department must promulgate administrative regulations and work jointly with the Cabinet for Economic Development to produce legislative reports.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
How do pass-through entities handle the certified tax credits under this bill?
Which state agencies are responsible for reporting on investment fund agreements?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
This bill did not become law - Died at adjournment · on the House floor.
Procedural history
4 actions- Mar 20, 2026HouseFloortaken from Appropriations & Revenue (H) 2nd reading returned to Appropriations & Revenue (H)
- Mar 13, 2026HouseCommitteetaken from Appropriations & Revenue (H) 1st reading returned to Appropriations & Revenue (H)
- Feb 5, 2026HouseCommitteeto Appropriations & Revenue (H)
- Jan 29, 2026HouseIntroducedintroduced in House to Committee on Committees (H)
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Connected Entities
Sources
apps.legislature.ky.gov
Analysis Score
0–100- Significance20Lowered because this bill did not pass (its text scored 40)
- Controversy10Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz15Current news / social attention level
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