{"data":{"id":"us-ky/krs-139.517","jurisdiction":"us-ky","citation":"KRS 139.517","heading":"Sales tax incentive for alternative fuel, gasification, and renewable energy","body":"facilities.\n(1) As used in this section:\n(a) \"Approved company\" has the same meaning as in KRS 154.27-010;\n(b) \"Authority\" means the Kentucky Economic Development Finance Aut hority\nestablished under KRS 154.20-010;\n(c) \"Eligible project\" has the same meaning as in KRS 154.27-010; and\n(d) \"Tax incentive agreement\" has the same meaning as in KRS 154.27-010.\n(2) Notwithstanding any other provision of KRS 134.580 or this chapter, an approved\ncompany constructing, retrofitting, or upgrading an eligible project may be eligible\nfor a sales tax incentive of up to one hundred percent (100%) of the Kentucky sales\nor use tax paid on tangible personal property purchased during the construc tion,\nretrofit, or upgrade of the eligible project as provided in KRS 154.27 -070. The\ntangible personal property shall be incorporated into the eligible project to qualify\nfor the sales tax incentive.\n(3) The authority shall notify the department upon appr oval of an eligible project. The\nnotification shall include the name of the eligible project, the name of the approved\ncompany, and the date on which the approved company is eligible to receive\nincentives under this section.\n(4) (a) An approved company see king an incentive under this section shall file a\nrequest for incentives within sixty (60) days following the end of the calendar\nyear in which the activation date occurs. The request shall include all\ndocumentation relating to the payment of the sales and use tax.\n(b) In subsequent years, the approved company shall file a request for incentives\nwithin sixty (60) days following the end of each calendar year.\n(c) The approved company shall file a final request for incentives within sixty\n(60) days from the e arlier of the completion of the construction, retrofit, or\nupgrade of the eligible project, or the five (5) year anniversary of the\nactivation date.\n(d) The request for incentives shall be in the form prescribed by the department\nthrough the promulgation o f administrative regulations in accordance with\nKRS Chapter 13A.\n(5) Interest shall not be allowed or paid on any sales tax incentive payment made under\nthe provisions of this section.\n(6) The sales tax incentive shall be reduced by the amount of vendor compensation\nallowed under KRS 139.570.\n(7) The approved company seeking the sales tax incentive payment shall execute\ninformation-sharing agreements prescribed by the department with contractors,\nvendors, and other related parties to verify the cos ts of tangible personal property\neligible for the sales tax incentive payment under this section.\n(8) The department shall notify the authority of the incentive distributed to each\napproved company upon request.","path":["KRS Chapter 139"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=28910","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:32Z","sha256":"02c5bbf13dd639848bf6269dab4fbe67cbe487ff4fb3d8b552cfe9abb76b2632","source_id":"us-ky","stale":false,"prev":"us-ky/krs-139.516","next":"us-ky/krs-139.518"},"notice":"GroundRules: Original legal text. Not legal advice."}