WKYT | Lexington, Kentucky | News

Bill would allow Kentucky's coal sector to seek incentives

FRANKFORT, Ky. (AP) - A House panel has advanced a bill that would allow Kentucky's coal industry to apply for economic incentives doled out to other businesses.

The House Appropriations and Revenue Committee approved the measure Tuesday.

The bill would allow coal mining or processing companies to seek approval for various tax incentives rewarding job creation and investments.

Its sponsors include Democratic House Floor Leader Rocky Adkins and House Speaker Greg Stumbo.

Adkins says the bill aims to help reverse job losses in Kentucky's struggling coalfields.

Thousands of mining jobs have been lost in the state's Appalachian coalfields.

Under the bill, coal-related companies would apply for the incentives like any other businesses.


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