KY SB325

Establishes the Kentucky Historic Preservation and Main Street Program fund in the State Treasury, funded by a 1% statewide transient room tax on hotel and lodging accommodations, with 75% allocated to Main Street revitalization grants and 25% to preservation activities by local governments and nonprofits

Splits transient room tax receipts equally between the new historic preservation fund and the existing tourism, meeting, and convention marketing fund

Caps administrative expenses of the Kentucky Heritage Council at 5% of fund deposits, with unexpended funds carrying forward to the next fiscal year rather than lapsing

Requires annual reporting to the Governor and Legislative Research Commission by September 1, 2027, detailing revenues, grants awarded, economic impacts, and policy recommendations

Sets a sunset date of July 1, 2036 for the historic preservation fund and declares an emergency for immediate effect upon passage