Ky. House OKs bill aimed at helping coal industry
FRANKFORT, Ky. (AP) — Kentucky's struggling coal industry would become eligible for some state economic incentives under a bill passed by the state House.
Coal supporters say the bill would fix a long-running inequity for the coal sector.
The House vote Friday sends the measure to the Senate for consideration.
The bill would allow coal mining or processing companies to seek approval for various tax incentives rewarding job creation and investment.
The proposal comes at a time when the state's Appalachian coalfields are mired in a downturn.
Democratic House Floor Leader Rocky Adkins says the incentives would be a way to help enhance the coal industry's competitiveness.
Coal-related companies would apply for the incentives from state economic development officials like any other businesses.
The legislation is House Bill 474.