KRS 65.490 et seq. — Tax Increment Financing (Local Development Areas) (KY)

Tracked preemption from the Kentucky overlay bundle.

Overview

Effective
2007-06-26
Sunset
Authority
state
Scope
state:KY
Primary-source summary
1. **Delegation test** — is the power traceable to KRS Chapter 100 (or, for LMG, to KRS 67C + Chapter 100)? 2. **Conflict test** — does it conflict with a state statute (e.g., KRS 100.348, KRS 227.605, KRS 65.875 firearms preemption as applied to ranges)?

Trigger predicate

When this evaluates true for a parcel, the law's preempted fields take precedence over base zoning.

OR
  • parcel.in_local_development_area_tif == True
  • parcel.in_development_area_tif == True
  • parcel.in_state_signature_project_tif == True

Preempted fields

2 fields on the base district schema are rewritten when the trigger fires.

FieldOpValueNote
review_typerequiretif_local_development_plan_ordinance_and_public_hearingKRS 65.7053 / 65.7057: TIF establishment requires Local Development Area plan, public hearing, and ordinance/resolution of the establishing local government
parcel.tax_increment_allocationoverrideincremental_revenues_to_pay_project_costs_per_KRS_65_7059Incremental property tax revenues (and, for state-signature projects, sales/withholding tax increment) allocated to pay TIF-financed project costs over project life — typically up to 30 years

Citation

Authority source
KRS §§65.490–65.499 (predecessor TIF Act); KRS §§65.7041 through 65.7083 (current Tax Increment Financing Act, 2007 recodification); KRS §§154.30-010 et seq. (state participation / signature projects)
§ KRS §§65.7041–65.7083; KRS §§154.30-010 et seq.
https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=39247

Research notes

Three TIF flavors: Local Development Area (local-only increment), Development Area (local + limited state participation), and Signature Project (full state participation, subject to KEDFA approval). Major KY TIFs: 4th Street Live! / Whiskey Row / Omni Hotel (Louisville), CentrePointe / Town Branch Commons (Lexington), Newport on the Levee (Newport), The Banks (Covington — joint with Ohio), Owensboro Convention Center District. KEDFA oversight at the state level under KRS Chapter 154.