Kentucky SB354 amends economic development incentives for tourism projects.
Kentucky SB354 amends the Kentucky Tourism Development Act to revise incentives for tourism projects. It sets specific criteria for tourism attraction projects, entertainment destination centers, and lodging facilities, including minimum visitor numbers, seating capacities, and eligible costs. The bill also extends the term of tourism development agreements for certain projects and allows for the carryover of unused incentives. It emphasizes the importance of tourism for the Commonwealth's economic development and public welfare.
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