Committee advances sprawling tax-and-incentive bill covering TIF, taxes on cannabis-infused beverages, bourbon-barrel cleanup and other changes

The committee reported House Bill 775 with a favorable expression after a detailed section-by-section review. Sponsors described the measure as a broad tax-and-incentive package that touches redevelopment financing, tax-rate mechanics, agricultural tax credits and several industry-specific provisions.

Chair members summarized key sections: sections 1–2 address tax-increment financing (TIF) districts, including changes affecting the Yum Center area in Louisville; sections 3 and 31–33 create or modify filing and fee rules for craft brewers and cannabis-infused beverage licenses (including license fees described in committee as $2,000 for retail and $1,000 for distributor and supplemental categories); sections 4–5 and 38–39 address property-tax treatment of pipelines in response to a…