Bill advances to make coal sector eligible for incentives

FRANKFORT, Ky. (AP) – The Kentucky House has passed a bill that would make the hard-hit coal industry eligible for state economic incentives.
House Majority Floor Leader Rocky Adkins said Friday the measure would “right a wrong” by letting coal companies seek the same economic incentives already available for other businesses and industries.
The measure cleared the House on an 89-0 vote and now goes to the Senate.
Adkins, a Sandy Hook Democrat, says the bill wouldn’t singlehandedly lead to a turnaround in the coalfields. But he says it would make the incentives available to coal operators when there is a comeback.
If the bill becomes law, coal mining or processing companies would be able to seek approval for various tax incentives rewarding job creation and investment.
The legislation is House Bill 202.

Categories: News, State News

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