KRS 139.537: Exemption for coal-based near zero emission power plant.

(1) As used in this section, "coal -based near zero emission power plant" means a

facility designed to achieve minimum emissions, built in Kentucky for

demonstrating the feasibility of producing electricity and hydrogen from coal,

whose site has been determined acceptable from an environmental impact

perspective in a record of decision published by the United States Department of

Energy after January 1, 2006, and that has received all applicable local planning and

zoning approvals.

(2) Notwithstanding all other provisions of this chapter, effective July 1, 2006, the

taxes imposed by this chapter shall not apply to the sale, rental, storage, use, or

other consumption of tangible personal property used to construct, repair, renovate,

or upgrade a coal -based near ze ro emission power plant, including repair and

replacement parts purchased for the plant.

(3) The Cabinet for Economic Development, with input from the Energy and

Environment Cabinet, shall establish standards for making applications for the

exemptions prov ided in this section. Prior to the Cabinet for Economic

Development granting approval, the Office of the Budget Director shall determine if

the power plant results in a net positive economic impact to the Commonwealth and

shall provide a certification in w riting to the Cabinet for Economic Development.

The Cabinet for Economic Development shall notify the department in writing that

a power plant has qualified for the exemptions.

(4) The Cabinet for Economic Development may promulgate administrative regulations

necessary to administer the application and certification process of this section.

(5) The department may promulgate administrative regulations necessary to administer

the exemptions provided in this section.

(6) The provisions of this section shall no t apply to sales or purchases made after

December 31, 2030.