Kentucky Chamber of Commerce Achieves Major Victories in 2024 General Assembly Session: $1.006 Billion in Savings and New Legislation Promoting Business Growth
In the 2024 Kentucky General Assembly session, the Chamber released a summary of the key highlights and their implications for businesses. The publication, titled Results for Business, includes detailed information on bills that were passed, legislative voting records, and more.
One of the major accomplishments of this year’s session was the Chamber’s advocacy efforts resulting in $1.006 billion in savings for Kentucky employers. This translated to a savings of $589 per employee in the state. Additionally, lawmakers made significant investments in the Commonwealth’s future through the biennial budget, funding priorities such as child care, education, economic development, infrastructure and more.
The Chamber also successfully advocated for various priorities including the enactment of voluntary paid leave insurance, the removal of barriers to opening new child care centers, the establishment of a data privacy framework, the authorization of autonomous vehicles and the expansion of the signature bourbon industry. Notably, the General Assembly did not pass new sales taxes on business purchases, a top priority for the Chamber.
To learn more about what legislation passed, what didn’t and how it impacts your bottom line you can view and download the Results for Business document.
