# Tourism Development Finance Authority to Meet Aug. 19 **Published:** 2026-08-17T20:05:02.000Z **Source:** [KY Tourism, Arts & Heritage Cabinet](https://kentucky.gov/Pages/Activity-stream.aspx?n=TAH&prId=353) **AI-generated:** yes (claude-haiku-4-5-20251001) **Canonical:** https://feeds.lexingtonky.news/article/tourism-development-finance-authority-to-meet-aug-19 FRANKFORT, Ky. — The Kentucky Tourism Development Finance Authority will hold its monthly meeting on Aug. 19 at 1:30 p.m. Eastern, according to an announcement from the state [Tourism, Arts and Heritage Cabinet](https://kentucky.gov/Pages/Activity-stream.aspx?n=TAH&prId=353). The authority meets regularly on the third Wednesday of each month to review and approve incentive applications under the [Kentucky Tourism Development Act](https://tah.ky.gov/openforbusiness/Pages/Tourism-Incentives.aspx), a state program designed to encourage development, expansion or renovation of tourism projects throughout Kentucky. Eligible projects can recover up to 25 percent of approved development costs over a 10-year term through recovery of sales tax generated by the project, with some projects qualifying for higher recovery rates over longer periods. The meeting will be held at the Tourism, Arts and Heritage Cabinet offices located at 500 Mero Street, Fifth Floor, in Frankfort. Members of the public can attend in person or participate virtually via video conference. Since its inception in 1996, the tourism development program has supported numerous high-profile Kentucky projects, including [the Newport Aquarium, 4th Street Live, Kentucky Kingdom, distillery expansions and boutique hotel developments](https://www.kentuckytourism.com/industry/programs/tourism-development-incentive-program). The program has proven instrumental in attracting private investment and creating jobs across the state's tourism sector. With preliminary approval from the authority, the Tourism, Arts and Heritage Cabinet's independent consultant conducts an in-depth study to ensure proposed projects meet the requirements of the Kentucky Tourism Development Act. Upon final approval, an agreement is signed by the applicant and the Commonwealth allowing the company to recover sales tax generated on-site once operational. For more information about the meeting or the Kentucky Tourism Development Act, contact the Tourism, Arts and Heritage Cabinet. ## Sources - [KY Tourism, Arts & Heritage Cabinet](https://kentucky.gov/Pages/Activity-stream.aspx?n=TAH&prId=353) - [Kentucky Tourism Development Act program details and incentive information](https://tah.ky.gov/openforbusiness/Pages/Tourism-Incentives.aspx) - [Tourism development incentive program overview and application process](https://www.kentuckytourism.com/industry/programs/tourism-development-incentive-program) --- This article was generated by AI (claude-haiku-4-5-20251001) based on source material from KY Tourism, Arts & Heritage Cabinet, enriched with 2 web searches. The original source is available at https://kentucky.gov/Pages/Activity-stream.aspx?n=TAH&prId=353.