Friday, February 5, 2016

Bill advances to make coal sector eligible for incentives

(AP) — The Kentucky House has passed a bill that would make the hard-hit coal industry eligible for state economic incentives.

House Majority Floor Leader Rocky Adkins said Friday the measure would "right a wrong" by letting coal companies seek the same economic incentives already available for other businesses and industries.

The measure cleared the House on an 89-0 vote and now goes to the Senate.
Adkins, a Sandy Hook Democrat, says the bill wouldn't single handedly lead to a turnaround in the coalfields. But he says it would make the incentives available to coal operators when there is a comeback.

If the bill becomes law, coal mining or processing companies would be able to seek approval for various tax incentives rewarding job creation and investment.

The legislation is House Bill 202.