KY SB354

Amends Kentucky Tourism Development Act (KRS 148.853) to create enhanced sales tax incentives for tourism attraction projects in small rural counties with populations of 20,000 or fewer

Tourism projects in qualifying small counties may receive sales tax incentives for up to 20 years (instead of standard 10 years) and up to 50% of approved costs (instead of standard 25%)

Applies to applications considered after June 27, 2025, including projects where property title transferred on or after March 1, 2025

Changes eligibility criteria for COVID-19 related agreement extensions, expanding from seasonal attractions open less than 6 months to those open less than 9 months

Unused incentives from previous years may be carried forward to succeeding years until the full percentage of approved costs is received