AN ACT relating to business regulation.

Amend KRS 14.250 to require the Secretary of State (SOS) to develop, operate, and maintain the Kentucky One-Stop Business Portal (Portal) to facilitate interaction among businesses and governmental agencies in the Commonwealth; mandate that certain elements be included in the development of the Portal; require the framework and informational exchange process to be updated by January 1, 2025; provide for the information and capabilities of the Portal and require the SOS to make the Portal available for public use no later than January 1, 2026; require the SOS to establish a system of universal industry codes to match businesses with their regulatory agencies; require that executive branch agencies integrate licensing and regulatory compliance with the Portal no later than January 1, 2026; require the SOS to establish a call center to provide user services related to the Portal; require the SOS to report to the Legislative Research Commission on the progress of the Portal before June 30, 2026 and each year thereafter; provide that the SOS may adopt administrative regulations to implement the Portal; amend KRS 14.255 to require the SOS to establish a unique Commonwealth business identification number for filings and services; require state agencies integrated with the Portal to use Commonwealth business identification numbers no later than January 1, 2026; amend KRS 11.202 and 147A.032 to conform.