KY HB325

Amends the qualification requirements for small businesses under Kentucky's Angel Investor Program and investment fund programs by removing the requirement that 50% of employees be located in Kentucky, while maintaining the requirement that 50% of assets and operations remain in the Commonwealth

Modifies reporting requirements for qualified small businesses, removing employee location data from the demographic information that must be reported to the Interim Joint Committee on Appropriations and Revenue

Applies to annual compliance reports that qualified small businesses must file for 4 years after receiving investment, requiring demonstration that 50% of assets and operations (no longer employees) remain in Kentucky

Updates definitions across multiple statutes (KRS 141.396, 154.20-234, 154.20-240, and 154.20-254) to consistently reflect the removal of employee location requirements from the 50% threshold test