Kentucky Enacts Omnibus Bill Amending Tax, Economic Policies

The Kentucky Governor signed a law that enacts an omnibus tax and economic development bill that extensively amends the Kentucky Revised Statutes, addressing tax policy modifications, economic development incentives, tourism programs, and gaming regulations. The law includes: 1) introducing new alternative jet fuel tax credits; 2) increasing signature project investment thresholds to $500 million; and 3) establishing taxes on fantasy contests and prediction markets. [H.B. 869, enacted 04/27/26]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.