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AN ACT relating to economic development incentives for the coal industry. Amend KRS 154.31-010 to allow coal mining or processing companies to potentially qualify for sales and use tax incentives offered through the Kentucky Enterprise Initiative Act (KEIA) and to define terms; create a new section of KRS Chapter 154.31 to define terms; amend KRS 154.32-010 to allow coal mining or processing companies to potentially qualify for income tax incentives offered through the Kentucky Business Investment Act (KBI) and to define terms; create a new section of KRS Chapter 154.32 to define terms; amend KRS 154.32-020, 154.32-030, and 154.32-060 to conform; direct the Cabinet for Economic Development to work with various foreign trade partners and the Kentucky coal industry to promote increased exports of Kentucky coal.

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Sponsor

  • R. Adkins
  • G. Stumbo
  • H. Collins
  • L. Combs
  • T. Couch
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