HB577Introduced in the House
AN ACT relating to economic development.
Introduced by Joshua Branscum, District 83
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
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.
Where it stands
signed by Governor (Acts Ch. 114)
April 13, 2026
How did lawmakers vote?
House votes
1 recorded vote · each counted separately
Senate votes
1 recorded vote · each counted separately
SenateStage: Senate: Third Reading RSN# 4094 · March 31, 2026
37
Yes
0
No
1
Absent or Not Voting
38 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.
See how each senator voted
| Senator | District | Vote |
|---|---|---|
| Jason Howell | 1 | Yes |
| Danny Carroll | 2 | Yes |
| Craig Richardson | 3 | Yes |
| Robert Mills | 4 | Yes |
| Stephen Meredith | 5 | Yes |
| Lindsey Tichenor | 6 | Yes |
| Aaron Reed | 7 | Yes |
| Gary Boswell | 8 | Yes |
| David Givens | 9 | Yes |
| Matthew Deneen | 10 | Yes |
Bill history
introduced in House
to Committee on Committees (H)
to Economic Development & Workforce Investment (H)
reported favorably, 1st reading, to Calendar
2nd reading, to Rules
posted for passage in the Regular Orders of the Day for Wednesday, February 18 2026
3rd reading, passed 98-0
received in Senate
to Committee on Committees (S)
to Economic Development, Tourism, & Labor (S)
reported favorably, 1st reading, to Calendar
2nd reading, to Rules
posted for passage in the Regular Orders of the Day for Tuesday, March 31 2026
3rd reading, passed 37-0
received in House
enrolled, signed by Speaker of the House
enrolled, signed by President of the Senate
delivered to Governor
signed by Governor (Acts Ch. 114)
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