KRS 154.27-070: Sales and use tax incentives.

(1) Notwithstanding KRS 134.580(3) and 139.770, on or after January 1, 2008, an

approved company is eligible for an incentive in an amount up to one hundred

percent (100%) of the Kentucky sales and use tax paid, reduced by the vendor

compensation provided unde r KRS 139.570, on the purchase of tangible personal

property, including but not limited to materials, machinery, and equipment used to

construct, retrofit, or upgrade an eligible project.

(2) The incentive shall not include tangible personal property purch ased before the

activation date or purchases of operating supplies, or repair, replacement, or spare

parts as defined in KRS 139.010.

(3) Upon the activation date, an approved company may be eligible for the incentive

offered under this section. The approv ed company shall file a request for the

incentive payment with the department as provided in KRS 139.517.

(4) The incentive provided in this section shall expire upon the completion of the

construction, retrofit, or upgrade of the eligible project, or five (5) years from the

activation date, whichever is earlier.