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SCR 115

A CONCURRENT RESOLUTION establishing the Economic Development Incentive Modernization Task Force.

2026 Regular Session Introduced by Shelley Frommeyer

Kentucky would form a cross-branch Economic Development Incentive Modernization Task Force to review and modernize state incentive programs for better performance, transparency, an

to Committee on Committees (S)
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Bill Summary · SCR 115

Overview

SCR 115 is a concurrent resolution introduced in the Kentucky General Assembly in the 2026 Regular Session. Its purpose is to establish the Economic Development Incentive Modernization Task Force to study and make recommendations regarding the state’s economic development incentive programs and related processes.

Purpose and Intent

  • Create a formal, cross-branch body to review Kentucky’s current economic development incentives.
  • Identify ways to modernize, streamline, and improve the effectiveness and efficiency of incentive programs.
  • Make recommendations intended to enhance competitiveness, transparency, accountability, and alignment with statewide economic goals.

Key Provisions

  • Establishment of a Task Force: Establishes an Economic Development Incentive Modernization Task Force as a collaborative body, likely including members from the General Assembly and relevant state agencies (the exact membership composition is not specified in the provided summary but would be detailed in the text of the resolution).
  • Scope of Review: Directs the Task Force to evaluate Kentucky’s current economic development incentive programs, including:
    • Program objectives and outcomes
    • Eligibility criteria and qualification processes
    • Application, approval, and reporting timelines
    • Accountability measures, performance metrics, and reporting requirements
    • Administration and coordination across state agencies
  • Recommendations: Task Force to develop recommendations for modernization, which may include:
    • Streamlining application and approval processes
    • Enhancing transparency and public reporting
    • Aligning incentives with measurable performance benchmarks
    • Addressing cost, fiscal impact, and return on investment
    • Proposing legislative or administrative changes to implement reforms
  • Reporting Requirement: Task Force likely to produce a final report with findings and recommended legislation or administrative actions, and may include interim updates to the General Assembly.
  • Duration and Termination: The resolution would specify the duration of the Task Force and the date by which it must submit its final report (typical for such resolutions, though exact timelines are not provided here).

Who Would Be Affected

  • State government agencies administering economic development programs (e.g., economic development cabinet, finance, revenue, and related agencies).
  • Program applicants and recipients of state economic incentives.
  • Legislators and legislative staff involved in policy oversight, budgeting, and interagency coordination.
  • Taxpayers and the general public benefiting from enhanced transparency and potentially more effective use of public incentives.

Procedural and Timeline Aspects

  • Introduction and Referral: SCR 115 was introduced in the Senate on February 24, 2026, and referred to the Committee on Committees (S), indicating an initial procedural step to organize the task force.
  • House/Senate Action: As a concurrent resolution, it would require consideration and potential adoption by both chambers. If approved, it would guide the creation and operation of the Task Force.
  • Reporting Timeline: The resolution would typically specify milestones (e.g., interim reports and a final report). Exact dates would be defined in the text of the resolution.

Notes

  • The summary reflects typical elements of concurrent resolutions establishing study or task forces. Access to the full bill text would provide precise membership, duties, meeting cadence, funding, and reporting deadlines.
  • The resolution signals a legislative intent to evaluate and modernize incentive programs, which could lead to subsequent bills proposing specific reforms.

Compiled from official sources — confirm details with the bill’s official record.

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