KY SB197

Establishes a four-tier system for Kentucky counties based on unemployment rates and population rankings, with tax credits per new job ranging from $2,500 (Tier I) to $20,000 (Tier IV) for economic development projects

Companies establishing or expanding headquarters in Kentucky with at least 40 new jobs may receive a 20% tax credit on facility value for up to 10 years

Requires minimum job creation of 10 full-time positions in Tier I/II counties or 5 full-time positions in Tier III/IV (enhanced incentive) counties to qualify for incentives

Tax incentive agreement terms cannot exceed 10 years for Tier I/II counties or 15 years for Tier III/IV (enhanced incentive) counties

Extends the tiered county classification system to film and entertainment production tax credits, with 35% credits for productions entirely in enhanced incentive counties versus 30% for Tier I/II counties