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Economic development tax credits are allowed against the taxes imposed by KRS 141.020, 141.040 and 141.0401. Information regarding the approval process for the following credits may be obtained from the Cabinet for Economic Development, Department for Financial Incentives (telephone: 502-564-4554):
- Kentucky Rural Economic Development Act (KREDA – KRS 154.22)
- Incentives for Energy-related Business Act (IEBA – KRS 154.27)
- Kentucky Small Business Tax Credit Program (KSBTC – KRS 154.60)
- Kentucky Industrial Development Act (KIDA – KRS 154.28)
- Kentucky Jobs Retention Agreement (KJRA – KRS 154.25)
- Kentucky Industrial Revitalization Act (KIRA – KRS 154.26)
- Kentucky Jobs Development Act (KJDA – KRS 154.24)
- Kentucky Business Investment Program (KBI – KRS 154.32)
- Kentucky Reinvestment Act (KRA – KRS 154.34)
Information regarding the approval process for the following credits may be obtained from the Bluegrass State Skills Corporation (telephone: 502-564-7670):
- Skills Training Investment Credit Act (STICA – KRS 154.12-207)
- Metropolitan College Consortium Tax Credit (MCC – KRS 141.381)
For further information on economic development tax credits as well as additional Kentucky business incentives and financial programs, visit the Cabinet for Economic Development's Financial Incentives webpage at: http://www.thinkkentucky.com/Locating_Expanding/Financial_Incentives.aspx.
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