Economic Development and Workforce Investment

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.

Amend KRS 67.083 to allow fiscal courts to provide for the care and maintenance of pedestrian swinging bridges that are available for recreation and public enjoyment; amend KRS 411.190 to give liability protections to owners of land leased to a local government that maintains pedestrian swinging bridges that are available for recreation and public enjoyment on the land.

Amend KRS 341.243 to change the employer's contribution rate to the service capacity upgrade fund; of the rate subtracting .075% until December 31, 2026; provide that beginning January 1 2027, the rates shall be adjusted by subtracting 0.0115%; require the secretary of the Education and Labor Cabinet to set the adjustment percentage annually to be effective January 1 of each subsequent year, not to exceed 1.025%.

Direct the Legislative Research Commission to establish the Aviation Economic Development Task Force and direct it to study and make recommendations; establish membership and meetings; direct the task force to submit its findings and recommendations to the Legislative Research Commission by December 1, 2026.

Create a new section of KRS 151B to grant the governor, in consultation with the Kentucky Workforce Innovation Board, the authority to approve all eligible workforce training programs for federal Workforce Pell Grants and coordinate approval of eligible workforce training programs to avoid duplicative payments; require the board to establish an internal procedure to determine that a program meets applicable federal requirements and ensure that the implementation of this procedure does not impose requirements more restrictive than or inconsistent with any applicable federal rules governing the Workforce Pell Grants; EMERGENCY.