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HCR 57

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

2026 Regular Session Introduced by Vanessa Grossl

Establishes a task force to study and modernize Kentucky economic development incentives, delivering recommendations for reforms, governance, and implementation.

to Economic Development & Workforce Investment (H)
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Bill Summary · HCR 57

Overview

HCR 57 is a concurrent resolution introduced in the Kentucky 2026 Regular Session. Its primary purpose is to establish the Economic Development Incentive Modernization Task Force. As a concurrent resolution, it would require action by both chambers and, if adopted, sets up a formal body to study and recommend changes to economic development incentives.

Purpose and Intent

  • Create a dedicated task force to evaluate Kentucky’s current economic development incentive programs.
  • Identify opportunities to modernize, streamline, or reform incentives to improve effectiveness, accountability, and return on investment.
  • Produce recommendations that could inform future legislation and administrative rules related to economic development incentives.

Key Provisions

  • Establishment of the Economic Development Incentive Modernization Task Force (name as stated in the bill).
  • Composition: The resolution will specify members (likely including members of the General Assembly from both chambers, plus representatives from relevant state agencies, and possibly external stakeholders such as industry, local governments, and economic development organizations). Exact roster details would be defined in the text or by reference to an accompanying outline.
  • Charge and Scope: The task force is directed to study current incentive programs, evaluation criteria, performance metrics, governance, reporting requirements, transparency, and fiscal impact. It will assess effectiveness, accessibility for applicants, and alignment with state economic goals.
  • Deliverables: The task force is expected to prepare and submit findings, with specific recommendations for modernization, potential legislation, administrative changes, budgetary implications, and implementation timelines.
  • Reporting Timeline: The resolution will specify a deadline or cadence for interim and final reports to the General Assembly. This usually includes a final report within a set number of months and possible interim updates.
  • Administrative Support: Provisions for staffing, meetings, and support from affected agencies to facilitate the task force’s work.

Who Would Be Affected

  • State agencies administering economic development programs (e.g., Kentucky Economic Development Cabinet and related departments) due to their role in incentive programs and data provision.
  • State legislators and committees involved in economic development, finance, and appropriations, which would receive task force recommendations.
  • Businesses and prospective applicants for economic development incentives, as reforms could alter eligibility, application processes, reporting, and accountability.
  • Local governments and economic development organizations that partner with the state on incentive programs.

Procedural and Timeline Aspects

  • Purposeful to- and from: The bill moves through the standard committee process, with the initial referral to the Economic Development & Workforce Investment Committee.
  • Timing: As a 2026 session measure, the task force would be formed upon adoption of the resolution, with a defined schedule for interim and final reporting.
  • Nature: Being a concurrent resolution, it does not enact new law by itself but creates a formal study body and potential policy guidance for future legislative action.

Potential Impact

  • Administrative: Could lead to streamlined incentives, improved performance measurement, greater transparency, and better alignment with Kentucky’s economic goals.
  • Legislative: May result in proposed bills and budget requests to implement recommended reforms.
  • Fiscal: The resolution may authorize or imply funding needs for the task force’s operations; actual fiscal impact would depend on the adopted final recommendations and required appropriations.

Notes

  • Specifics such as the exact membership, reporting deadlines, and detailed powers would be clarified in the bill text. The summary above reflects typical concurrent-resolution structures used to form a study task force within Kentucky legislation.

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

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