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Ky. bill would give coal industry new incentives

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Posted at 8:02 PM, Feb 05, 2016
and last updated 2016-02-05 20:02:58-05

FRANKFORT, Ky. (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 singlehandedly 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.