Kentucky · 2026 Regular Session · Bill
HB 577: AN ACT relating to economic development.
Enacted Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
HB 577 is a bill introduced in the Kentucky House on February 6, 2026. According to its official title, it concerns: AN ACT relating to economic development. Primary sponsor: Josh Branscum (Republican), George Brown (Democratic), Vanessa Grossl (Republican). Most recent recorded action (April 13, 2026): signed by Governor (Acts Ch. 114).
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Amend KRS 154.12-300, 154.12-305, and 154.12-300 to change the Kentucky Innovation and Commercialization Center program to the Kentucky Entrepreneurship and Innovation Hub Program; amend KRS 154.12-300 to define terms; amend KRS 154.12-305 to add goals of supporting entrepreneur-led economic development and attracting workforce talent, investors, and start-up companies to the program; amend KRS 154.12-310 to make conforming changes; amend KRS 164.6011 to include definitions of "early-stage company" and "high-growth company" in the Kentucky Innovation Act; amend KRS 164.6019 to provide that moneys received in the Kentucky enterprise fund may be subject to restrictions imposed by the contributing entity and subject to approval by the Cabinet for Economic Development; amend KRS 164.6021 to make conforming changes and add the purpose of the Kentucky enterprise fund is to attract, recruit, and support early-stage and high-growth companies to locate, relocate, or establish a presence in the Commonwealth; amend KRS 164.6023 to allow companies based outside of Kentucky to be eligible by becoming a Kentucky-based company within 180 days after certification authorizing funding; amend KRS 154.20-234 to allow a pass-through entity to qualify for participation in the Angel Investor Program; make conforming changes.
Sponsors
Sponsors by party (alphabetical): Democratic 1 · Republican 2
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Josh Branscum | Primary sponsor | Republican | House | 83 |
| George Brown | Primary sponsor | Democratic | House | 77 |
| Vanessa Grossl | Primary sponsor | Republican | House | 88 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- signed by Governor (Acts Ch. 114)
- delivered to Governor
- enrolled, signed by President of the Senate
- enrolled, signed by Speaker of the House
- received in House
- 3rd reading, passed 37-0
- posted for passage in the Regular Orders of the Day for Tuesday, March 31 2026
- 2nd reading, to Rules
- reported favorably, 1st reading, to Calendar
- to Economic Development, Tourism, & Labor (S)
- to Committee on Committees (S)
- received in Senate
Showing 12 most recent of 19 actions. Full history